India's retail inflation spikes to 15-month high of 7.44 percent in July
Monday, 14 August 2023 Official data released on Monday showed that the Consumer Price Index (CPI) based inflation surged to 7.44 per cent in July, much higher than 4.87 per cent in June. Retail inflation stood at 6.71 per cent in July 2022 and the previous high was recorded at 7.79 per cent in April 2022.
In July, retail inflation in India experienced a significant upswing, reaching 7.44%, marking the highest rate since April 2022. This surge contrasts with the preceding four-month period of inflation below the central bank’s 6% tolerance threshold.
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Previously, high inflation was recorded at 7.79 per cent in April 2022. The inflation in the food basket was 11.51 per cent in July compared to 4.55 per cent in... Zee News
India's retail inflation in July jumped to 7.44 per cent from 4.87 per cent in June, government data showed on Monday.The inflation, based on Consumer Price... IndiaTimes
Monday, 14 August 2023
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