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India's retail inflation dips below 7% in July; IIP growth in double digits

Summary by Ground News
Retail inflation softened to 6.71 per cent in July, mainly on account of moderation in food prices. The Consumer Price Index (CPI) based retail inflation remained above the Reserve Bank of India's upper tolerance level of 6 per cent. In June, retail inflation was at 7.01 per cent and it stood at 5.59 per cent for July 2021.

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Business Standard broke the news in India on Friday, August 12, 2022.
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