Retail Inflation Slows To Nine-Month Low Of 4.17% In July

New Delhi: India’s retail inflation fell to nine-month low of 4.17 per cent in July on account of slowdown in prices of vegetables and fruits.

Based on Consumer Price Index (CPI), inflation for June has also been revised downwards to 4.92 per cent from the earlier estimate of five per cent, as per the Central Statistics Office (CSO) data released on Monday.

CPI is a comprehensive measure used for estimation of price changes in a basket of goods and services representative of consumption expenditure in an economy.

Its previous low was in October 2017 at 3.58 per cent.

As for year-on-year comparison, retail inflation had increased by 2.36 per cent in July last year.

The CSO data also revealed that inflation in vegetables declined by (-) 2.19 per cent last month, compared to 7.8 per cent in June.

The rate of price rise in fruits slowed down 6.98 per cent, as against over 10 per cent in the previous month.

The inflation in protein rich items like meat and fish, milk was slower in July compared to the previous month.