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Business News

Aug 13, 2020
7:21PM

Retail inflation rises to 6.93 % in July

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Retail inflation rose to 6.93 per cent in July, mainly on account of higher prices of food items.

As per the government data released today, the food inflation, according to the Consumer Price Index (CPI) data, increased to 9.62 per cent in July.

The retail inflation in June was 6.23 per cent, while the food inflation stood at 8.72 per cent.

It is for the second consecutive month that the retail inflation has been above the RBI's comfort level.

The government has mandated the cetral bank to restrict the inflation at 4 per cent (plus, minus two per cent). The central bank mainly factors in retail inflation while arriving at its bi-monthly monetary policy.

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