Retail inflation rises to 5.08% in June: Govt data

New Delhi: Retail inflation increased to 5.08 per cent in June as kitchen items became dearer, according to government data released Friday.

The Consumer Price Index (CPI) based retail inflation was 4.8 per cent in May 2024 and 4.87 per cent in June 2023 (previous low).

Also Read

India’s economy projected to grow at 6.4 per cent this year: UN

15 hours ago

JSW Steel, South Korea’s POSCO enter into JV pact to set up 6 MTPA steel plant in Odisha

1 day ago

Inflation in the food basket was 9.36 per cent in June, up from 8.69 per cent in May, according to the data released by the National Statistical Office (NSO).

The government has tasked the Reserve Bank of India (RBI) to ensure that the CPI inflation remains at 4 per cent with a margin of 2 per cent on either side.

The RBI projected the CPI inflation for 2024-25 at 4.5 per cent, with Q1 at 4.9 per cent, Q2 at 3.8 per cent, Q3 at 4.6 per cent, and Q4 at 4.5 per cent.

The central bank mainly factors in the retail inflation while deciding its bi-monthly monetary policy.

PTI