Monday 24th July 2017

India’s retail inflation eases to 1.54% in June

Live 24 India 8:06 pm News Views: 42

retail inflation eases @live

New Delhi, 12 July 2017 : The country’s annual consumer price inflation further eased to 1.54 per cent in June, helped by a fall in food prices, government data showed on Wednesday.

The rise was slower than 1.70 per cent forecast by economists in a Reuters poll, and was the lowest since India started releasing retail inflation data in January 2012 based on a combined CPI index for rural and urban consumers.

Consumer prices rose 2.18 per cent year-on-year in May.

Retail food prices fell 2.12 per cent last month from a year ago, compared with a 1.05 percent fall in the previous month.

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