Retail inflation as measured by the Consumer Price Index (CPI) shot up to 7.44 per cent in July as food inflation saw a sharp jump of 11.51 per cent due to a steep rise in the prices of food items, especially vegetables, in the country.
देश में खुदरा महंगाई ने तोड़ा 15 महीने का रिकॉर्ड, जुलाई में 4.81% से 7.44% पहुंची
Inflation has broken the back of common people in the country. The prices of food items are skyrocketing across the country. The government has released the inflation data in the country today, according to which the retail inflation in the country increased to 7.44% in the month of July. It broke the record of 15 months. The inflation rate in June was 4.81%.
India’s retail inflation, as measured by the Consumer Price Index (CPI), shot up to 7.44 per cent in July as food inflation saw a sharp jump of 11.51 per cent due to a skyrocketing rise in the prices of food articles and especially vegetables in the country. Went.
The rise in retail and food inflation in July is huge compared to the fact that retail inflation stood at 4.87 per cent in June, while food inflation stood at 4.55 per cent. July inflation has also breached the RBI’s tolerance limit of 6 per cent.
According to data released by the Ministry of Statistics and Program Implementation on Monday, the large increase in retail inflation in July was mainly due to increase in prices of fruits and vegetables, cereals, pulses, milk products and even clothing and footwear. In July 2022, the retail inflation rate was 6.71 percent and the food inflation rate was 6.69 percent.
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