Categories: Economy

India’s Retail inflation at 7.01% in June

Retail inflation, based on the consumer price index (CPI), eased to 7.01 per cent in June this year compared to 7.04 per cent in the preceding month. Ministry of Statistics and Programme Implementation said inflation eased marginally mainly due to easing prices in the “Food & Beverages” section.

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Key points:

In June 2022, inflation in the food basket came at 7.56 per cent, compared to 7.84 per cent in May this year.
The inflation figure in vegetables eased to 17.37 per cent during the reported month from 18.26 per cent in May 2022.
Surging global commodity prices due to the Russia-Ukraine war and high crude oil prices have kept inflation above RBI’s six per cent upper tolerance range.
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 for a five-year period ending March 2026.

Month-wise list of consumer price index:

2022	CPI
January	6.01%
February	6.04%
March	6.95%
April	7.79%
May	7.04%
June	7.01%

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.