Monday, Sep 28, 2020 | Last Update : 06:41 PM IST

188th Day Of Lockdown

Maharashtra1339232103001535571 Andhra Pradesh6756746050905708 Tamil Nadu5808085251549313 Karnataka5755664622418582 Uttar Pradesh3870853258885594 Delhi2711142366515235 West Bengal2474252169214781 Odisha209374173571850 Telangana1872111564311107 Bihar178882164537888 Kerala175385117917678 Assam169985139977655 Gujarat1332191132403417 Rajasthan1288591077181441 Haryana1237821059901307 Madhya Pradesh117588932382207 Punjab107096840253134 Chhatisgarh9856566860777 Jharkhand7770964515661 Jammu and Kashmir69832495571105 Uttarakhand4533233642555 Goa3107125071386 Puducherry2548919781494 Tripura2412717464262 Himachal Pradesh136799526152 Chandigarh112128677145 Manipur9791760263 Arunachal Pradesh8649623014 Nagaland5768469311 Meghalaya5158334343 Sikkim2707199431 Mizoram178612880
  Business   Economy  13 Jul 2019  June inflation hits eight-month high but rate cut still possible

June inflation hits eight-month high but rate cut still possible

REUTERS
Published : Jul 13, 2019, 10:14 am IST
Updated : Jul 13, 2019, 10:38 am IST

Core consumer inflation, which strips out food and fuel prices, was estimated at an annual 4.09-4.11 per cent in June.

Inflation has come down sharply from a peak of more than 12 per cent in 2013, and was below the RBI 4 per cent target.
 Inflation has come down sharply from a peak of more than 12 per cent in 2013, and was below the RBI 4 per cent target.

New Delhi: India’s retail inflation hit a eight-month high in June on higher food prices, but stayed below the central bank’s target, potentially giving it room for a further interest rate easing to boost slowing growth.

Annual retail inflation in June was 3.18 per cent, up from 3.05 per cent the previous month, but below analyst forecasts, government data showed on Friday.

 

A Reuters poll had predicted retail inflation at 3.20 per cent for June.

Core consumer inflation, which strips out food and fuel prices, was estimated at an annual 4.09-4.11 per cent in June, marginally lower than May’s 4.1-4.2 per cent, according to three analysts after seeing the inflation figures released on Friday.

“Food inflation trend is upwards while core is downwards, so the overall outlook on inflation is benign. The RBI will continue to maintain its accommodative stance and could do another 25-50 basis points rate cuts in this financial year,” said Sujan Hajra, chief economist at Anand Rathi Securities.

Inflation has come down sharply from a peak of more than 12 per cent in 2013, and was below the Reserve Bank of India’s (RBI) 4 per cent target for the eleventh consecutive month.

 

Tags: inflation, cpi, retail inflation, food inflation
Location: India, Delhi, New Delhi