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Bloomberg Quint

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Image Credit: Bloomberg Quint

Retail Inflation Eases To 2.1% In June, Lowest In Six And A Half Years

  • India's retail inflation fell to 2.1% in June, the lowest since January 2019, primarily due to a drop in food prices.
  • The consumer price index-based inflation decreased from 2.82% in May to 2.1% in June, lower than economist estimates of 2.3%.
  • Food and beverage prices fell by 0.2% in June, led by a significant decline in vegetable inflation and pulses category.
  • Both urban and rural inflation declined in June, with experts predicting that the full-year CPI inflation is likely to undershoot RBI's estimate, potentially leading to another rate cut post-monsoon.

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