Categories: Economy

Retail inflation eases to 5.59% in July

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.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

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.

Find More News on Economy Here

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.

Recent Posts

Who is Raghav Chadha? Check His Early Life, Education, Political Career and Net Worth

Raghav Chadha is a young Indian politician and Chartered Accountant who has made a quick…

1 day ago

National Parks in Tamil Nadu, Check their Names and Location

India is a country full of rich wildlife and natural beauty. It has hundreds of…

1 day ago

India’s 1968 Olympic Bronze Medalist Gurbax Singh Grewal Passed Away

The hockey veteran Mr. Gurbax Singh Grewal was passed away at the age of 84…

1 day ago

India to Participate in SCO Defence Talks as Rajnath Singh Heads to Bishkek

Respectable Defense Minister of India Rajnath Singh is set to visit the Bishkek Kyrgyzstan to…

1 day ago

Virat Kohli Becomes First Player in IPL History to Hit 800 Boundaries

India's veteran player Virat Kohli has become the first batter in the IPL history to…

1 day ago

US Announces Heavy Anti-Dumping Duty on Solar Cells and Panels from India

The US Department of Commerce has announced the preliminary anti-dumping duty on the solar cell…

1 day ago