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

RBI, in its latest monetary policy committee meeting had raised the rates by 50bps to 5.4 per cent, higher than the pre-pandemic level.

·New Delhi, India
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Business Insider IndiaBusiness Insider India

India's retail inflation dropped below 7% in July for the first time in four months

Retail inflation softened to 6.7% in July, mainly on account of moderation in food prices, government data showed on Friday. In June, retail inflation was

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