India’s retail inflation in June 2021 was 6.26 percent

The country’s retail inflation, measured by the Consumer Price Index (CPI), eased marginally to 6.26 per cent in the month of June.

Daily Current Affairs Quiz 2021

Separately, India’s factory output, measured in terms of the Index of Industrial Production (IIP), witnessed a year-on-year growth of 29.3 per cent in May.

This is the second successive time that the CPI data has come over the Reserve Bank of India’s (RBI) upper margin of 6 per cent.

In a separate data released by MoSPI, the country’s factory output witnessed a growth of 29.3 per cent on-year to 116.6 during the month of May.

The IIP had crashed (-)33.4 per cent on-year to 90.2 in May 2020, the data showed. This was mainly due to the nationwide lockdown which was imposed last year to curb the first wave of coronavirus (Covid-19) pandemic.