Retail inflation eases slightly to 6.26%, remains above RBI's comfort level

Retail inflation remained elevated due to soaring fuel prices and costlier items in the food basket.

India’s retail inflation eased marginally to 6.26 per cent in June from 6.30 per cent in the previous month owing to moderation in rural inflation, even as it remained above the upper range of the Reserve Bank of India’s (RBI’s) 2-6 per cent target for the second straight month, the official data showed on Monday.

Retail inflation, measured by the consumer price inflation (CPI) index, is the main price gauge that the RBI tracks. It remained elevated due to soaring fuel prices and costlier items in the food basket.

Economists said the high retail inflation could be a cause for