Retail inflation grows to 7.9% in July
   
Quotes

Retail inflation grows to 7.9% in July

Last Updated: Tuesday, August 12, 2014, 18:11
 
 Comment 0
 
Retail inflation grows to 7.9% in July
Zee Media Bureau

New Delhi: Driven up by surging prices for vegetables, fruit and milk, retail inflation accelerated to 7.96 percent in July as compared to 7.46 percent last month, government data showed on Tuesday.

The food inflation also grew to 9.36 percent as compared to 7.97 last month. The vegetable price inflation has been recorded at 16.88 percent versus 8.79 percent last month.

The urban inflation growth was at 7.42 percent as 6.82 compared to percent last month.

RBI Governor Raghuram Rajan held benchmark interest rates at 8 percent at the June policy meeting. He has raised rates three times since taking charge last September. The next policy review is due on Aug. 5.

An uncertain outlook for global crude oil prices is also keeping India's policymakers off-balance. A spike in crude prices could also aggravate India's inflation, since the country imports nearly 80 percent of its oil.

With Agency Inputs


First Published: Tuesday, August 12, 2014, 17:46


Comments


comments powered by Disqus
Ford Figo Aspire
Ford Figo Aspire
Samsung Galaxy S6 Edge Plus, Note 5
Samsung Galaxy S6 Edge Plus, Note 5
Maruti Suzuki S-Cross
Maruti Suzuki S-Cross
Mahindra New Thar CRDe
Mahindra New Thar CRDe
New Generation Scorpio
New Generation Scorpio

Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved