This is an archive article published on July 12, 2023

Retail inflation jumps to 4.81% in June, remains within RBI’s tolerance range

India's industrial production in May rose 5.2 per cent against 19.7 per cent a year ago, the government data showed.

India's industrial production rose 5.2 per cent in May against 19.7 per cent a year ago, the National Statistical Office (NSO) data showed. (File image)

By: Express Web Desk

1 min readNew DelhiJul 12, 2023 07:08 PM IST First published on: Jul 12, 2023 at 05:34 PM IST

India’s retail inflation or consumer price index in June rose to 4.81 per cent but remained within the tolerance range of the Reserve Bank of India, the Ministry of Statistics & Programme Implementation stated on Wednesday.

The Consumer Price Index (CPI) jumped for the first time in five months to 4.81 per cent from 4.31 per cent in May on the back of a jump in vegetable prices.

The Consumer Food Price Index (CFPI) jumped 4.49 per cent in June from 2.96 per cent in May. The previous high was in March as CPI jumped 5.66 per cent.

Last month, the RBI kept policy rates unchanged at 6.5 per cent and projected retail inflation for the current fiscal to average at 5.1 per cent. It pegged inflation in the June quarter at 4.6 per cent.