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#July #RetailInflation has come@ 6.93% YoY
CPI for April&May,7.22% &6.27%
#Lockdown related supply disruptions led to spike
In hindsight,#RBI's decision not to lower #REPO in Aug meet,stands vindicated
June #CPI revised from 6.09%,to 6.23%&March revised up,from 5.84% to 5.91%
CPI for April&May,7.22% &6.27%
#Lockdown related supply disruptions led to spike
In hindsight,#RBI's decision not to lower #REPO in Aug meet,stands vindicated
June #CPI revised from 6.09%,to 6.23%&March revised up,from 5.84% to 5.91%
June&March revisions led by revisions in #FoodInflation
For example,revised food inflation in June is 8.72%,Vs earlier figure of 7.87%
#July food inflation@ 9.62% saw a sharp rise,driven by rising meat,fish&vegetable prices
#Rural inflation in July was 7.04%,Vs #Urban@6.84%
For example,revised food inflation in June is 8.72%,Vs earlier figure of 7.87%
#July food inflation@ 9.62% saw a sharp rise,driven by rising meat,fish&vegetable prices
#Rural inflation in July was 7.04%,Vs #Urban@6.84%
Good bit in July inflation number is #FuelInflation@ just 2.8%
#CoreInflation in July,excluding food&energy,is slated to be in 5.8-5.8% range
Core inflation in June was 5%&3.8% in March 2020--Spike in July,gives added reason not to lower #REPO which is at 20 year low,currently
#CoreInflation in July,excluding food&energy,is slated to be in 5.8-5.8% range
Core inflation in June was 5%&3.8% in March 2020--Spike in July,gives added reason not to lower #REPO which is at 20 year low,currently
