Retail inflation eases slightly to 6.26% in June; May IIP at 29.3%

India's retail inflation eased slightly to 6.26 per cent in June, but stayed above the Reserve Bank's tolerance range (2 per cent-6 per cent) for the second straight month, government data released on Monday showed. It was 6.3 per cent in May.

Inflation based on Consumer Price Index (CPI) remained elevated due to soaring fuel prices and costlier items in the food basket.

Food inflation in June accelerated to 5.15 per cent from 5.01 per cent in May.

Within the food items, the rate of fall in vegetables prices was at (-) 0.7 per cent in June, as against (-) 1.92 per cent