Arab Today, arab today india’s retail inflation declines in july
Last Updated : GMT 18:13:39
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

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 Reveals his participation in "Fashion Star" TV show

GMT 12:49 2017 Wednesday ,01 March

Reveals his participation in "Fashion Star" TV show
Arab Today, arab today Tabarka beauty between sea, mountain

GMT 06:37 2017 Wednesday ,01 March

Tabarka beauty between sea, mountain
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Russia, China veto UN resolution

GMT 07:27 2017 Wednesday ,01 March

Russia, China veto UN resolution
Arab Today, arab today NUMP's conference to discuss proplems

GMT 13:40 2017 Wednesday ,01 March

NUMP's conference to discuss proplems

GMT 06:20 2017 Tuesday ,28 February

Beijing to speed up approval of IPOs

GMT 05:15 2017 Tuesday ,28 February

Funds prepare $2bn oil market play as supply tightens

GMT 05:34 2017 Monday ,27 February

Brexit sows seeds of doubt for British farmers

GMT 06:38 2017 Sunday ,26 February

US rig count increases
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Lasers flesh out dino-bird profile

GMT 12:24 2017 Wednesday ,01 March

Lasers flesh out dino-bird profile
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Final Phantom VII signals end of an era

GMT 14:31 2017 Tuesday ,28 February

Final Phantom VII signals end of an era
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Najla Badr will participate in “30 Days” drama

GMT 06:23 2017 Monday ,27 February

Najla Badr will participate in “30 Days” drama
Arab Today, arab today Humans spark most US wildfires

GMT 14:58 2017 Tuesday ,28 February

Humans spark most US wildfires

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:54 2017 Wednesday ,01 March

Shanghai expands public smoking ban

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:27 2017 Wednesday ,01 March

GSMA: 5 billion mobile phone users in 2017

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
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