Retail inflation fell to a 30-month low of 7.31 per cent in June this year, mainly on account of lower prices of food items, including vegetables, cereals, and meat. Retail inflation as measured by the consumer price index had stood at 8.28 per cent in May this year.As per data released by the government today, food inflation fell to 7.97 per cent in June, from 9.56 per cent in May. Inflation in vegetables dropped to 8.73 per cent in June, from 15.27 per cent in May. Cereals and their products saw a lower inflation rate of 7.6 per cent. Inflation in the fuel and light segment declined to 4.58 per cent during the month. And retail inflation for rural areas dropped to 7.72 per cent in June, while in urban areas it slipped to 6.82 per cent.On the other hand, wholesale inflation dropped to four-month low of 5.43 per cent in June this year. As per the wholesale price index, inflation had stood at a five-month high of 6.01 per cent in May this year, and at 5.16 per cent in June last year.Food inflation eased to 8.14 per cent in June, from 9.5 per cent in May. Vegetable prices declined 5.89 per cent in June. Prices of sugar fell 2.09 percent, and of edible oils fell 0.75 per cent during the month. But prices of potatoes soared 42.51 per cent.WPI inflation for April was revised upwards to 5.55 per cent, from 5.2 per cent.
News On AIR | July 14, 2014 8:41 PM
Retail inflation falls to 30-month low of 7.31 % in June