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.
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