IBEF: August 14, 2019
As per the data released by government, retail inflation improved marginally in July to 3.15 per cent over the previous month. The retail inflation based on Consumer Price Index (CPI) was 3.18 per cent in June and 4.17 per cent in July 2018.
As per the data released by the Central Statistics Office (CSO), the inflation in the food basket was 2.36 per cent in July, marginally up from 2.25 per cent in the previous month.
Retail inflation is well below the RBI’s comfort level. The government has asked the central bank to keep inflation in the range of 4 per cent. The Reserve Bank of India mainly factors in retail inflation in its bi-monthly monetary policy.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.