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Retail inflation for industrial workers cools to 3.86% in May
The all-India CPI-IW for May 2024 rose by 0.5 points to 139.9 points, up from 139.4 points in April 2024.
The all-India CPI-IW for May 2024 rose by 0.5 points to 139.9 points, up from 139.4 points in April 2024.
CPI inflation softens to a nine-month low.
Inflation rate based on the WPI Food Index dropped from 5.39% in December 2023 to 3.79% in January 2024.
Negative rate of wholesale inflation primarily attributed to fall in prices of mineral oils, basic metals, chemical & chemical products, textiles, and food products
Retail inflation falls to 7.02% in rural areas from 7.63% in July, while it drops to 6.59% in urban areas from 7.20% in previous month
Headline inflation is expected to average well above 6% in the second quarter, says RBI
The year-on-year inflation rate for vegetables surged to 37.34% in July
Index of Industrial Production (IIP) grew 1.1% in March.
CPI-based inflation falls within the Reserve Bank of India’s target band of 4%-6%.
Urban inflation rose to 6.1% in February from 6% in January while rural inflation declined to 6.72% in February from 6.85% in January.