July Retail Inflation

The last time the Consumer Price Index (CPI) had been this benign was in June 2017, when it recorded a 1.46 per cent uptick

July CPI-based inflation: Food prices fell sharply as CFPI slid to -1.76%, the steepest drop since January 2019

The RBI left rates unchanged at 5.50%, as expected, on Wednesday and said the inflation outlook was 'more benign'

Retail inflation rates for farm and rural workers eased to 6.17 per cent and 6.20 per cent, respectively, in July. The retail inflation rates for farm and rural workers were 7.02 per cent and 7.04 per cent, respectively, in June this year. The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and for rural labourers (CPI-RL) registered an increase of 10 points each in July, reaching 1,290 and 1,302, respectively, a labour ministry statement said. The CPI-AL and CPI-RL were 1,280 points and 1,292 points, respectively, a year ago. According to the statement, year-on-year inflation rates based on CPI-AL and CPI RL for July were recorded at 6.17 per cent and 6.20 per cent, compared to 7.43 per cent and 7.26 per cent in July, 2023. The corresponding figures for June 2024 were 7.02 per cent for CPI-AL and 7.04 per cent for CPI-RL.

Retail inflation fell below the Reserve Bank of India's target of 4 per cent largely due to the high-base effect, suggesting the slower pace of price rises was temporary

Supply disruptions, election dynamics, and increased liquidity may be contributing factors

Retail inflation for farm and rural workers increased to 6.60 per cent and 6.82 per cent, respectively, in July mainly due to higher prices of certain food items. In June retail inflation for farm and rural workers stood at 6.43 per cent and 6.76 per cent respectively. "Point-to-point rate of inflation based on the CPI-AL (Consumer Price Index-Agricultural Labourers) and CPI-RL (Consumer Price Index-Rural Labourers) stood at 6.60 per cent and 6.82 per cent in July, 2022 compared to 6.43 per cent & 6.76 per cent respectively in June, 2022 and 3.92 per cent and 4.09 per cent respectively during the corresponding month (July 2021) of the previous year," a labour ministry statement said. Similarly, food inflation stood at 5.38 per cent & 5.44 per cent in July, 2022 compared to 5.09 per cent & 5.16 per cent respectively in June, 2022 and 2.66 per cent & 2.74 per cent respectively during the corresponding month of the previous year, it stated. The All-India Consumer Price ...

Israel's monthly inflation rate in July was 1.1 per cent, following a 0.4% in June, mainly due to an increase of 8.5% in fresh fruit prices and 3.3% in transport prices

Retail inflation for farm workers and rural labourers rise marginally to 3.92 per cent and 4.09 per cent in July, as compared to the previous month

Inflation in food articles during July stood at 4.08 per cent, as against 2.04 per cent in June

India's economy is expected to contract more than 4.5% in the current fiscal year, but some analysts do not expect the central bank to cut rates further this year

Fuel and light saw deflation in July at 0.36 per cent against 2.32 per cent inflation in the previous month

BENGALURU (Reuters) - India's retail inflation rose for the sixth straight month in July - the longest stretch of monthly increases since January 2016 - to a nine-month high, largely due to a continued rise in food prices, a Reuters poll predicted.

Amid concerns over deflationary impulses expressed by the volume II of the Economic Survey 2016-17, retail price inflation rose to three-month high of 2.4 per cent in July against the record low of 1.5 per cent in June due to higher goods and services tax (GST) rates in some services and the revision in house rent allowance for the central government employees.However, as the Survey had pointed out the food prices continued to fall though at less pace at 0.3 per cent in July compared to 2.1 per cent in the previous month. In the remaining months of the current financial year, economists expected CPI inflation to rise which might not allow the monetary policy committee to cut rates further, despite the Survey recommending monetary easing to spur economic growth. However, the wholesale food items saw inflation at 2.1 per cent in July against price fall of 3.5 per cent in the previous month and 2.1 per cent in May. Since wholesale prices are the lead indicators, this may ..

This, after easing for three straight months; food inflation saw deflationary pressure at (-) 0.29%