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June consumer inflation eases to 1.54%, lowest in new series

Decline in food prices cited as reason; May inflation stood at 2,18%

Low inflation blues may taper off in the second half of FY18

Reuters New Delhi

The country's annual consumer price inflation further eased to 1.54 per cent in June, helped by a fall in food prices, government data showed on Wednesday.

The rise was slower than 1.70 per cent forecast by economists in a Reuters poll, and was the lowest since India started releasing retail inflation data in January 2012 based on a combined CPI index for rural and urban consumers.

Consumer prices rose 2.18 per cent year-on-year in May.

Retail food prices fell 2.12 per cent last month from a year ago, compared with a 1.05 percent fall in the previous month.

 

 

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jul 12 2017 | 6:08 PM IST

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