NEW DELHI, July 12: Retail inflation dropped marginally to 7.01% in June mainly due to slight easing in food prices, though it still remained above the Reserve Bank’s comfort level.
The consumer price index (CPI) based inflation stood at 7.04% in May and 6.26% in June 2021.
Inflation in the food basket in June 2022 was 7.75%, compared to 7.97% in the preceding month, as per the National Statistical Office (NSO) data.
The RBI has been asked to ensure that inflation remains at 4% with a margin of 2% on either side.
The retail inflation is ruling above the RBI’s upper tolerance limit of 6% since January 2022. (Agencies)
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