Published 2 years ago

CPI Inflation Rate July, IIP Growth Rate June 2022: Retail inflation eases to 5-month low of 6.71% in July, IIP grows 12.3% in June

Summary by Ground News

Consumer Price Index inflation fell to 6.71% in July from 7.01% in June. July marks the seventh straight month of retail inflation exceeding the Reserve Bank of India's upper target. A surge in inflation has prompted the Monetary Policy Committee to raise the policy repo rate to 5.4%—its third hike in a row.

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Times of India

Retail inflation eases to 6.71% in July, stays above RBI’s tolerance band

The downward trend in retail inflation can be attributed to price cuts on edible oil ranging from 0.4 percent to 6.4 percent. Apart from oil, the decrease in commodity prices is also responsible for bringing down the inflation rate.

2 years ago·India

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Indian Express

CPI Inflation Rate July, IIP Growth Rate June 2022: Retail inflation eases to 5-month low of 6.71% in July, IIP grows 12.3% in June

CPI Inflation Rate July, IIP Growth Rate June 2022 Updates: The retail inflation, measured by the Consumer Price Index (CPI), eased to 6.71 per cent in July. Separately, the factory output, measured in terms of the Index of Industrial Production (IIP), grew by 12.3 per cent in June.

2 years ago·India

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Moneycontrol

Retail inflation falls to 6.71% in July, but RBI just 2 months away from likely failure

The latest number means headline retail inflation has now spent 34 consecutive months above the medium-term target of 4 percent and seven straight months above the 6 percent upper-bound of the Reserve Bank of India's 2-6 percent tolerance range.

2 years ago·India

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CPI Inflation Falls To Four-Month Low Of 6.71% In July

Retail inflation eased for the third straight month, led by a decline in prices of food items.The Consumer Price Index inflation fell to 6.71% in July from 7.01% in June, according to data released by the Ministry of Statistics and Programme Implementation on Friday.Inflation in food and beverages eased to 6.71% from 7.56% in June 2022. A Bloomberg poll of 38 economists had estimated inflation at 6.75%.Despite the decline, July marks the seventh…

2 years ago

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Deccan Herald

Retail inflation eases to 6.71% in July, lowest since March

Retail inflation softened to 6.71 per cent in July, mainly on account of moderation in food prices, government data showed on Friday.

2 years ago

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Business Today

Retail inflation falls to 6.71% in July, above RBI's upper band for seventh straight month

The Reserve Bank factors in the retail inflation print while arriving at its bi-monthly monetary policy outcome.

2 years ago·India

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CPI Inflation Rate July, IIP Growth Rate June 2022: Retail inflation eases to 5-month low of 6.71% in July, IIP grows 12.3% in June

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Retail inflation eases to 6.71% in July, stays above RBI’s tolerance band

Retail inflation eases to 6.71% in July, stays above RBI’s tolerance band

CPI Inflation Rate July, IIP Growth Rate June 2022: Retail inflation eases to 5-month low of 6.71% in July, IIP grows 12.3% in June

CPI Inflation Rate July, IIP Growth Rate June 2022: Retail inflation eases to 5-month low of 6.71% in July, IIP grows 12.3% in June

Retail inflation falls to 6.71% in July, but RBI just 2 months away from likely failure

Retail inflation falls to 6.71% in July, but RBI just 2 months away from likely failure

CPI Inflation Falls To Four-Month Low Of 6.71% In July

CPI Inflation Falls To Four-Month Low Of 6.71% In July

Retail inflation eases to 6.71% in July, lowest since March

Retail inflation eases to 6.71% in July, lowest since March

Retail inflation falls to 6.71% in July, above RBI's upper band for seventh straight month

Retail inflation falls to 6.71% in July, above RBI's upper band for seventh straight month

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