India's Retail Inflation Rises to 5.08% in June Driven by High Food Prices
India's retail inflation, measured by the All India Consumer Price Index (CPI), rose to 5.08% for June against a growth of 4.80% in May, according to data released by the Ministry of Statistics & Programme Implementation on Friday.
Inflation in the reported month was also higher than the 4.87% recorded in June 2023 but was still within the Reserve Bank of India's target range of 2% to 6%.
Inflation in the food basket increased to 9.36% in June, from 8.69% in May, and it was also higher than the 4.55% posted in the year-ago period.
The inflation rates for rural and urban areas in June came in at 9.15% and 9.55%, respectively.
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