India’s retail inflation rises to 4.81% in June 2023 on food inflation
India’s retail inflation for the month of June 2023 increased to 4.81 per cent for the first time in five months from an upwardly revised 4.31 per cent in May, according to the official data released by Ministry of Statistics and Programme Implementation on Wednesday. However, the Consumer Price Index (CPI) based inflation remained within the RBI’s comfort zone of below 6 per cent. This is above the market forecasts of 4.58 per cent.
The June retail inflation increased to 4.81 per cent after declining for five months, due to fading favourable base and higher vegetable prices in the country. Meanwhile, India’s industrial production based on the IIP rose 5.2 per cent, according to the data released.
The Consumer Food Price Index (CFPI) increased to 4.49 per cent in June from 2.96 per cent in May.
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