Retail inflation of India eases to 7.01%

As per the data released by the Ministry of Statistics and Programme Implementation (MoSPI), retail inflation of India has eased marginally to 7.01% in June 2022 from 7.04% in May 2022.

The CPI inflation has breached the upper limit of RBI’s tolerance band (2-6%) for the sixth consecutive month. The India’s Index of Industrial Production (IIP) has surged 19.6% in May, as against 7.1% rise in April 2022. The Retail inflation measured by the Consumer Price Index.