Retail inflation slips to over six-year low of 2.1% in June
The Consumer Price Index-based inflation was 2.82 per cent in May and 5.08 per cent in June 2024.
The Consumer Price Index-based inflation was 2.82 per cent in May and 5.08 per cent in June 2024.
This is the sixth month in a row that CPI inflation has declined, and also the third consecutive month when it has stayed below the Reserve Bank of India's medium-term target of 4%.
The easing of inflation reflects a steadily declining trend after having touched a 14-month high of 6.21 per cent in October. CPI inflation had declined to 5.48 per cent in November.
The Consumer Price Index (CPI) inflation for October is recorded at 6.21 per cent on year-on-year basis. Corresponding inflation rates for rural and urban are 6.68 per cent and 5.62 per cent, respectively, Ministry of Statistics and Programme Implementation (MoSPI) said on Tuesday.
The numbers will be released the next working day if the 12th falls on a holiday of CPI and the previous working day if the 12th falls on a holiday in case of IIP, the ministry said.
The index of agricultural labourers remained stationary for Jammu & Kashmir.
CPI stands for Consumer Price Index, it measures price changes from the perspective of a retail buyer. It is released by the National Statistical Office (NSO).
The Expert Group (Tendulkar) computed PL for 2004-05 at a level that was equivalent, in Purchasing Power Parity terms to Rs 27 for rural India and Rs 33 for urban India. Percentage of population below PL calculated by the Lakdawala Committee and the Tendulkar Committee for the year 2004-2005 appears. (see table above).
Furthermore, meat and fish prices rose 18.70 per cent and eggs became dearer by 21.81 per cent.
The overall inflation in food, as reflected in the Consumer Food Price Index (CFPI) rose to 14.12 per cent in December 2019 as against 10.01 per cent in November and -2.65 in December 2018, according to data released by the National Statistical Office (NSO) on Monday.
