Retail Inflation Elevates due to Food Prices
Retail inflation rate has raised to 6.93% in July compared to 6.23% in June. Food prices accounted for nearly half of the retail inflation as food inflation accelerated to 9.62% according to Consumer Price Index (CPI). Food prices soared since April due to the supply disruption caused by lockdown. During the second quarter, country's headline inflation is expected to remain the same and may decline thereafter, said RBI governor Shaktikanta Das.