Business

Retail inflation marginally dips to 3.15% in July

New Delhi, Aug 13 (IANS) | Publish Date: 8/13/2019 12:22:02 PM IST

India’s retail inflation inched lower to 3.15% in July from 3.18% in June and 4.17% in the corresponding month of the previous year. According to data furnished by the National Statistical Office, the Consumer Food Price Index inflated to 2.36% during the month under review from an expansion of 2.25% in June 2019 and 1.30 in July 2018.

However, among the non-food categories, the fuel and light segment’s inflation declined on a year-on-year (YoY) basis to (-) 0.36% in July. Product-wise, prices of vegetables, eggs, meat and fish pushed the retail inflation higher on a YoY basis. In contrast, decline in prices of ‘sugar and confectionery’ capped the overall food inflation. Accordingly, the prices of vegetables increased 2.82%, meat and fish by 9.05%, eggs by 0.57% and pulses and its products by 6.82%.

On the other hand, prices of milk-based products rose 0.98%, cereals and its products 1.31% and sugar and confectionery (-) 2.11%. The sub-category of food and beverages recorded a 2.33% rise in last month over July 2018.

 

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