new Delhi. The people of the country have suffered a major setback on the inflation front. The data released by the government after two months has seen an increase in the retail inflation rate. It is a matter of relief that there has been a slight decline in the Food Inflation Rate. Let us tell you that the last time the retail inflation rate was released in March. Then corona virus ( coronavirus ) Due to uncertainty in the economy, the data was not released.
Increased retail inflation
India’s retail inflation or consumer price index (CPI) stood at 6.09 percent in June. This information has been revealed on Monday from official figures. Urban CPI has been 5.91 percent and Rural CPI 6.20 percent. The National Statistics Office, however, has not provided any corresponding data on CPI or retail inflation due to the outbreak of the Kovid-19 epidemic.
Retail inflation was below 6 percent in March
Talking about March, the retail inflation rate was earlier reported to be 5.91 per cent, which was revised to 5.84 per cent in April, ie the inflation rate was below 6 per cent. Let us tell you that the government did not release retail inflation figures in April and May. But in April, the March inflation figures were revised.
Fall in food inflation
On the other hand, when it comes to food inflation, the common people have got a sigh of relief. Food inflation has come down to 7.87 percent in the month of June. Whereas in the month of May it was 9.20 percent. Let me tell you that due to good crop, the prices of vegetables had seen a decline. At the same time, the prices of vegetables are increasing. The data for next July may see an increase in food inflation.
Higher than expected inflation
The CFPI reading measures changes in the retail price of food products. ICRA chief economist, Aditi Nair, said that the headline CPI inflation rate released by the CSO after a gap of three months is 6.1 percent for June 2020, which is higher than expected. This is due to retail items, textiles and footwear, betel leaf, tobacco etc.