CPI Inflation in July Declines To 3.54%, Lowest Since August 2019; IIP Grows 4.2% in June
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Official CPI inflation data for July 2024 has been released.
Stay updated on CPI inflation in July 2024. Explore the latest Consumer Price Index data release, its impact on the economy.
Retail Inflation in July 2024: India’s CPI inflation in July 2024 stood at 3.54 per cent, which is the lowest since August 2019, according to official data released on Monday, August 12. Meanwhile, India’s IIP records a growth of 4.2 per cent in June 2024.
In August 2019, the retail inflation had stood at 3.28 per cent.
In July 2023, the CPI inflation had stood at as high as 7.44 per cent, which was its 15-month high then. In the previous month of June 2024, India’s retail inflation had stood at 5.08%.
Inflation in the food basket also declined to 5.42 per cent in July, compared with 9.36 per cent in June, according to the latest data released by the National Statistical Office (NSO). In July 2023, it had stood at 11.51.
With this, the CPI inflation has come within the RBI’s target 4 per cent.
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