Retail Inflation Data: Retail inflation has reached below 7 per cent in July. Let us tell you that in July, where the retail inflation rate was 6.71 percent, while in June it was 7.01 percent. The same month a month ago in May, the retail inflation rate was 7.04 percent.
Retail inflation stood at 6.71% in July as against 7.01 percent in June. Whereas in May 2022 it was 7.04 percent and in April it was 7.79 percent.
Not only India, the whole world is in the grip of inflation. In the last few months, there was a steady increase in the retail inflation rate. From the road to the Parliament, the opposition parties were agitating on the issue of inflation. But in the month of July, the public has got relief on the inflation front. Especially the statistics tell the same story.
fall in retail inflation
If we talk about the data in the month of July, then there has been a decline in the food inflation rate. Meaning the average price of food and drink in the month of July. During this period, there was a decrease in the prices of crude oil and commodity products. This was the reason, due to which the retail inflation rate in July 2022 has broken the record of the last four months and has reached the lowest position.
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Retail inflation below 7 percent in July
Retail inflation has reached below 7 per cent in July. Let us tell you that in July, where the retail inflation rate was 6.71 percent, while in June it was 7.01 percent. The same month a month ago in May, the retail inflation rate was 7.04 percent. A month earlier, in April, the retail inflation rate was 7.79 percent. After this, there has been a decrease in the food inflation in the month of July.
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