Retail inflation rose to 6.93 percent in July

Gold prices rose by Rs 217 to Rs 52,808 per 10 grams; Silver up by Rs 567 to Rs 65,571 per kg:MCX (India)
OPEC Plus ministers not planning early meeting over corona-virus according to Azerbaijan’s Energy Minister Shahbazov
Repo rates unchanged 4% -Makrets showing volatile move during speech
Three Rules for successful Trades to Win
The Trading Fear and Profit

rose to 6.93 percent in July due to a major increase in the prices of food and beverages. According to official data released by the government on Thursday, the food inflation based on the Consumer Price Index (CPI) in July also rose to 9.62 percent. Earlier in June, stood at 6.23 percent. At the same time, food inflation was at 8.72 percent. This is the second consecutive month when inflation has been above the Reserve Bank of India’s target. The government has given a target to the RBI to contain inflation between 2-6 percent.

The National Statistics Office has said that field staff from the NSO’s Field Operations Division typically collect data on commodity prices on a weekly roster in 1,114 urban markets and select 1,181 villages. The NSO said that price data in July also increased with the gradual removal of various restrictions related to the epidemic and the resumption of non-essential activities. In July, data on prices of goods was collected from 1,054 (95 percent) cities and 1,089 (92 percent) villages.

Advertising

Best Forex Brokers Lowest Spreads

Advertising

COMMENTS

WORDPRESS: 0
This website uses cookies and asks your personal data to enhance your browsing experience. Read our Terms, Cookies and Privacy Notice