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Retail inflation eases to 5.59% in July

Sumit Arora Published On August 13th, 2021 Leave a comment

Retail inflation eased to 5.59% in July mainly due to softening of food prices. The Consumer Price Index (CPI)-based inflation was 6.26% in June and 6.73% in July 2020. Inflation in the food basket slowed down to 3.96% in July from 5.15% in the previous month.

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Earlier this month, the RBI pegged the CPI inflation at 5.7% during 2021-22 — 5.9% in the second quarter, 5.3% in third, and 5.8% in the fourth quarter of the fiscal, with risks broadly balanced.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.