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Retail inflation eased significantly to how much per cent in July 2021 from 6.26 percent in June 2021 as food prices dropped?

Retail inflation eased significantly to how much per cent in July 2021 from 6.26 percent in June 2021 as food prices dropped? Correct Answer 5.59

The correct answer is 5.59%.

  • Retail inflation eased significantly to 5.59 percent in July 2021 from 6.26 percent in June 2021 as food prices dropped.
  • The fall in Consumer Price Index (CPI) inflation was in sharp contrast to May 2021, when it had risen sharply to 6.30 percent due to supply chain disruption.
  • Food inflation for July 2021 fell to 3.96 per cent from 5.15 per cent in June 2021.
  • The central bank, however, raised its inflation projection to 5.7% during 2021-22, 5.9 per cent in the second quarter, 5.3 per cent in the third, and 5.8 per cent in the fourth quarter of the fiscal, with risks, broadly balanced.
  • CPI inflation for Q12022-23 is projected at 5.1 per cent.

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