Retail inflation fell to 30-month low of 7.31 percent in June 2014
Retail inflation fell to a 30-month low of 7.31 percent in June 2014 mainly on account of lower prices of food items like vegetables, cereals and meat.
Retail inflation fell to a 30-month low of 7.31 percent in June 2014 from 8.28 pecent in May 2014. The retail inflation went down mainly on account of lower prices of food items that includes vegetables, cereals, and meat.
Earlier in January 2012, the retail inflation was at its lowest at 7.65 percent.
On the other hand, Wholesale Price Index (WPI) based inflation (or Headline inflation) fell to 5.43 percent in June 2014 as against 6.01 percent in May 2014. The decline was mainly on account of fall in prices of food items and vegetables with the exception of potatoes and onions.
Retail inflation is measured by the consumer price index. Findings of the data released by Union Ministry of Commerce & Industry
• Food inflation fell to 7.97 percent in June 2014 from 9.56 percent in May 2014
• Inflation in vegetables dropped to 8.73 percent in June 2014 from 15.27 percent in May 2014
• Cereals and their products saw a lower inflation rate of 7.6 percent
• Inflation in the fuel and light segment declined to 4.58 percent in June 2014
• Retail inflation for rural areas dropped to 7.72 percent in June 2014, while in urban areas it slipped to 6.82 percent
• Wholesale inflation dropped to four-month low of 5.43 percent in June 2014
• As per the wholesale price index, inflation had stood at a five-month high of 6.01 percent in May 2014 was and at 5.16 percent in June 2013
• Food inflation eased to 8.14 percent in June 2014, from 9.5 percent in May 2014
• Vegetable prices declined 5.89 percent in June 2014
• Prices of sugar fell 2.09 percent and of edible oils fell 0.75 percent during the June 2014
• But prices of potatoes soared 42.51 percent in the period