Retail Inflation Eases To 3.54% In July, At Nearly 5-Year Low

The Consumer Price Index (CPI) based retail inflation was 5.08 per cent in June 2024 and 7.44 per cent in July 2023.

Retail inflation declined to 3.54 per cent in July, slipping below the Reserve Bank's targeted 4 per cent for the first time in nearly 5 years, as food prices cooled, government data showed on Monday.

The Consumer Price Index (CPI) based retail inflation was 5.08 per cent in June 2024 and 7.44 per cent in July 2023.

Inflation in the food basket was 5.42 per cent in July, down from 9.36 per cent in June, according to the data released by the National Statistical Office (NSO).