July Retail Inflation

Retail inflation for farm and rural workers increased to 6.60 per cent and 6.82 per cent, respectively, in July mainly due to higher prices of certain food items. In June retail inflation for farm and rural workers stood at 6.43 per cent and 6.76 per cent respectively. "Point-to-point rate of inflation based on the CPI-AL (Consumer Price Index-Agricultural Labourers) and CPI-RL (Consumer Price Index-Rural Labourers) stood at 6.60 per cent and 6.82 per cent in July, 2022 compared to 6.43 per cent & 6.76 per cent respectively in June, 2022 and 3.92 per cent and 4.09 per cent respectively during the corresponding month (July 2021) of the previous year," a labour ministry statement said. Similarly, food inflation stood at 5.38 per cent & 5.44 per cent in July, 2022 compared to 5.09 per cent & 5.16 per cent respectively in June, 2022 and 2.66 per cent & 2.74 per cent respectively during the corresponding month of the previous year, it stated. The All-India Consumer Price ...

Israel's monthly inflation rate in July was 1.1 per cent, following a 0.4% in June, mainly due to an increase of 8.5% in fresh fruit prices and 3.3% in transport prices

Retail inflation for farm workers and rural labourers rise marginally to 3.92 per cent and 4.09 per cent in July, as compared to the previous month

Inflation in food articles during July stood at 4.08 per cent, as against 2.04 per cent in June

India's economy is expected to contract more than 4.5% in the current fiscal year, but some analysts do not expect the central bank to cut rates further this year

Fuel and light saw deflation in July at 0.36 per cent against 2.32 per cent inflation in the previous month

BENGALURU (Reuters) - India's retail inflation rose for the sixth straight month in July - the longest stretch of monthly increases since January 2016 - to a nine-month high, largely due to a continued rise in food prices, a Reuters poll predicted.

Amid concerns over deflationary impulses expressed by the volume II of the Economic Survey 2016-17, retail price inflation rose to three-month high of 2.4 per cent in July against the record low of 1.5 per cent in June due to higher goods and services tax (GST) rates in some services and the revision in house rent allowance for the central government employees.However, as the Survey had pointed out the food prices continued to fall though at less pace at 0.3 per cent in July compared to 2.1 per cent in the previous month. In the remaining months of the current financial year, economists expected CPI inflation to rise which might not allow the monetary policy committee to cut rates further, despite the Survey recommending monetary easing to spur economic growth. However, the wholesale food items saw inflation at 2.1 per cent in July against price fall of 3.5 per cent in the previous month and 2.1 per cent in May. Since wholesale prices are the lead indicators, this may ..

This, after easing for three straight months; food inflation saw deflationary pressure at (-) 0.29%