Retail inflation falls to 6.71% for July: Government data

The results show that food inflation in July 2022 decreased from 7.75 percent in June to 6.75 percent.

Digital Desk: According to government figures released on Friday, retail inflation decreased to 6.71 percent in July, primarily as a result of moderate increases in food costs.

Retail inflation peaked in June at 7.01 percent and peaked in July 2021 at 5.59 percent.

The results show that food inflation in July 2022 decreased from 7.75 percent in June to 6.75 percent.

Retail inflation measured by the Consumer Price Index (CPI) remained over the Reserve Bank of India's upper tolerance range of 6%, nonetheless. For the previous seven months, it has remained above the 6% threshold.

Retail inflation stayed above 7% in the first three months of the current fiscal.