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June retail inflation rises 6.26 percent, official data shows – Moneycontrol.com

June is the second consecutive month when headline retail inflation is above the Monetary Policy Committee’s inflation targeting range of 4 (+/-2) percent.

Consumer Price Index-based inflation (CPI) for the month of June rose 6.26 percent, as food prices hardened further, and transportation costs rose due to higher petrol and diesel prices.

This compares to CPI inflation of 6.30 percent for May, which was the highest in six months. June is the second consecutive month when headline retail inflation is above the Monetary Policy Committee’s inflation targeting range of 4 (+/-2) percent.

Food inflation (CFPI) came in at 5.15 percent in  June, compared with 5.01 percent in May, as food prices continued to remain inflated, official data by the National Statistical Office showed on July 12. Inflation for the ‘fuel and light’ sub-group rose 12.7 percent compared to 11.6 percent in May

(This is a developing story, more to follow)

Arup Roychoudhury