Arab Today, arab today india’s retail inflation declines in july
Last Updated : GMT 06:04:50
Arab Today, arab today
Arab Today, arab today

India’s retail inflation declines in July

Arab Today, arab today

Arab Today, arab today India’s retail inflation declines in July

New Delhi - Arabstoday

Declining for the second month in a row, retail inflation fell marginally to 9.86 per cent in July year-on-year but provided no relief to consumers as prices of vegetables continued to remain high. The Consumer Price Index for June too has been revised downwards to 9.93 per cent from the earlier 10.02 per cent. Retail inflation in May was 10.36 per cent. The Consumer Price Index (CPI) data released on Tuesday revealed that vegetable prices recorded the maximum spurt, up 27.33 per cent, followed by edible oils (17.37 per cent) and pulses and its products (12.49 per cent) in July against the same month last year Prices of egg, fish and meat shot up 11.11 per cent, while beverages became costlier by 9.26 per cent in July. Among other items, prices of cereal and its products saw a rise of 6.45 per cent over the July 2011 level. While sugar saw an increase of 9.06 per cent in July, price rise in food and beverages, clothing, bedding and footwear segments remained in the double-digit. Nomura Financial Advisory and Securities (India) opined the moderation in July CPI inflation, like the fall in July WPI inflation, may not be sustainable. This is because food prices will likely continue to rise because of poor rainfall and fuel inflation remaining suppressed due to an incomplete pass-through of fuel prices to end users, besides other factors. The inflation measured by WPI had also declined to 6.87 per cent in July from 7.25 per cent in the previous month. Marginal decline in retail inflation, however, is unlikely to prompt Reserve Bank to cut interest rate at its next credit policy review on September 17. Economist with HDFC Bank Jyotinder Kaur said food prices are expected to go up further as the impact of drought has to be factored in with the harvest of summer crop in September. “The RBI will keep its key interest rates on hold in its coming policy action, unless there is some credible action from the government,” Kaur opined. CPI based inflation rates for rural and urban areas were 9.76 per cent and 10.10 per cent, respectively, in July. According to the revised data, the inflation rates for rural and urban areas were 9.65 per cent and 10.44 per cent in June. The All-India CPI is in addition to the three retail price indices -for agricultural labourers, rural labourers and industrial workers -prepared by the Ministry of Labour. Chief Economist with Kotak Mahindra Bank, Indranil Pan, too said that battle against high inflation has not yet been won and that the RBI was not expected to cut rate in the next policy review. Meanwhile, India’s gold imports during peak demand season of September to December are likely to slump 40 per cent on year to 200 tonnes due to weak monsoon, fewer wedding dates and near record high prices. From gulftoday

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today india’s retail inflation declines in july Arab Today, arab today india’s retail inflation declines in july

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today india’s retail inflation declines in july Arab Today, arab today india’s retail inflation declines in july

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today 3,250 people killed in Raqqa battle

GMT 03:49 2017 Wednesday ,18 October

3,250 people killed in Raqqa battle
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Anoshka happy for reactions to her talk show

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday