Retail inflation increased marginally to 3.18 per cent in June over the previous month, mainly due to rise in food prices, according to official data.
The retail inflation based on the Consumer Price Indiex (CPI) stood at 3.05 per cent in May and 4.92 per cent in June 2018.
The retail inflation is on the rise since January this year.
As per the CPI data released by the Central Statistics Office (CSO), the food inflation was 2.17 per cent in June 2019, up from 1.83 per cent in the preceding month.
Inflation in protein rich food items, like egg, meat and fish, was higher in June compared to the previous month.
However, the rate of price rise in vegetables and fruits was slower.
The Reserve Bank of India mainly factors in the retail inflation while deciding the bi-monthlhy monetary policy.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app