Thread by @Sanju_Verma_

#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%

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%

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

#Retail Inflation for FY21 will likely be 5%,Vs earlier estimated 4%

#CPI will be sticky@ 6% in 3QFY21,before declining to 3% by 4QFY21,on back of bumper #Kharif harvest💪

5%,is within #RBI's 4%(+/-2%) range&hence things in control

What all this implies is,no #REPO cut in Oct