Poket News

Retail Inflation declines

 

  • Retail inflation, based on the Consumer Price Index (CPI), eased to 6.71 per cent in July this year compared to 7.01 per cent in preceding month. 
  • As per the Ministry of Statistics and Programme Implementation data released today, inflation eased mainly due to easing prices in the Food & Beverages section. 
  • The government has mandated the central bank to maintain retail inflation at four per cent with a margin of two per cent on either side.