SME Times News Bureau | 12 Jul, 2019
India's June retail inflation rose to 3.18 per cent
from 3.05 per cent in May primarily due to higher food prices.
However, on a year-on-year (YoY) basis, the Consumer Price Index (CPI) in June
2019 was lower than the corresponding period of last year when retail inflation
stood at 4.92 per cent.
According to the data furnished by the National Statistical Office (NSO), the
Consumer Food Price Index (CFPI) inflated to 2.17 per cent during the month
under review from an expansion of 1.83 per cent in May 2019.
Product-wise, the prices of milk-based items, egg, meat and
fish increased in March YoY. In contrast, a deflation trend was witnessed in
the cost of vegetables and pulses.
Prices of milk-based products rose marginally by 0.68 per cent, while egg b
ecame dearer by 1.62 per cent and meat and fish prices recorded a rise of 9.01
On a sub-category basis, vegetable prices increased on a YoY basis in June to
4.66 per cent. The category of "pulses and products" became expensive
5. 68 per cent and that of "sugar and confectionery" (-)0.09 per