Inflation slows to 9-month low of 4.17 percent in July

• Retail inflation fell to nine-month low of 4.17 percent 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 4.91 percent from the earlier estimate of 5 percent, as per central Statistics Office data.

• Its previous low was in October 2017 at 3.58 percent.

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

• The CSO data revealed that inflation in vegetables declined by 2.19 percent last month, compared to 7.8 percent in June.

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

• As per the data, the inflation in protein-rich items like meat and fish, and also milk was also slower in July compared to the previous month.

• However, inflation in the ‘fuel and light’ segment based on the changes in the CPI increased to 7.96 percent from 7.14 in the previous month.

• The prices for the data are collected from selected towns by the Field Operations Division of NSSO and from a selected village by the Department of Posts. Price data are received through web portals, maintained by the National Informatics Centre.

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