India's retail inflation dropped to a six-year low of 2.10% in June, down from 2.82% in May and 5.08% in June 2024. This marks the fifth consecutive month inflation has stayed below the Reserve Bank of India's 4% medium-term target.
The decline was driven by easing food prices and favorable base effects. Food inflation turned negative at -1.06% in June compared to 0.99% in May, with vegetable prices falling 19% and pulse prices declining 11.76%. Tomato and potato prices dropped 31.52% and 25.37% respectively.
The data comes after the RBI's Monetary Policy Committee cut the benchmark repo rate by 50 basis points to 5.5% last month, the third consecutive cut this year.
Post a comment
BCCI just made over ₹9,000 Cr in FY 24 driven...
BCCI reports 48% revenue jump to ₹9,741 crore in FY24, driven by IPL's ₹5,761 crore...
Why RBI Is Key To Economic Strength
The RBI says India's economy remains strong amid global challenges. It uses tools like rate...
Pay Commission: Who decides government salaries in India?
The Pay Commission reviews central government salaries, allowances, and pensions every decade, balancing fairness for...
This ₹20,000 Cr DRDO project could change India's aviation future!
Government approves next-generation airborne early warning system development, positioning India among select nations with indigenous...
