(MENAFN- Trend News Agency)
India's headline retail inflation fell to 6.71 per cent in July,
the lowest level in five months, helped by an easing in food and
oil prices, as per the National Statistical Office (NSO) data
released on Friday.
The Consumer Price Index (CPI) based retail inflation stood at
7.01 per cent in June.
Although the retail inflation declined significantly in July
when compared with the previous month, it remained higher than the
Reserve Bank of India (RBI) upper tolerance limit of 6 per
Sequentially, the CPI-based inflation eased to 0.46 per cent in
July 2022 from 0.52 per cent in the previous month.
Inflation in rural India was higher than in urban areas.
Headline retail inflation for rural areas declined to 6.80 per cent
in July 2022 from 7.09 per cent in the previous month.
For urban areas, the headline retail inflation fell to 6.49 per
cent in July 2022 from 6.86 per cent in the previous month.
The Price data are collected from selected 1,114 urban markets
and 1,181 villages covering all states and UTs through personal
visits by field staff of the Field Operations Division of NSO, the
Ministry of Statistics and Programme Implementation, on a weekly
During July 2022, NSO collected prices from 99.7 per cent
villages and 97.6 per cent urban markets while the market-wise
prices reported therein were 89.5 per cent for rural and 92.3 per
cent for urban, as per an official statement released by the
Ministry of Statistics & Programme Implementation. (ANI)
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