Retail inflation in India accelerates in July


August 14, 2016 | By RetailME Bureau

Retail inflation in India touched a two-year high in July at 6.07% owing to rise in food prices.

Inflation in the food category of the Consumer Price Index accelerated to 8% in July from 7.5% in June, while inflation in the clothing and footwear segment rose to 5.2% in July from 5% in June.

“Inflation at the retail level has continued its upward march and it is essentially on the back of food inflation moving up,” believes Richa Gupta, senior economist at Deloitte India. “Within the category of food inflation, upward momentum was seen in almost all the categories. It is important to note that inflation in cereals has further firmed up, while pulses inflation has also moved up after a month of decline. Sugar prices and consequently inflation continued to move up as authorities focused more on exports.”

She expects inflation to remain high for another couple of months, which, according to analysts, might make it challenging for the Reserve Bank of India to meet its inflation target of 5% set for March 2017.

Comments

comments

Previous Article Next Article

YOU MAY ALSO LIKE /



It is the final week of the 27th edition of the Dubai 

Continue Reading

January 21, 2022 | By RetailME Bureau

Foodlink Global Restaurants & Catering Services, the F&B services enterprise in India 

Continue Reading

December 29, 2021 | By Zubina Ahmed

‘Tis the time to be jolly! The festive season is back. Celebrate 

Continue Reading

December 19, 2021 | By RetailME Bureau

“It sounds like this, Luh Pan Koh-ti-dyan and means ‘the daily bread’, 

Continue Reading

December 6, 2021 | By Zubina Ahmed

The long weekend might be over but the Etisalat Beach Canteen 2021 

Continue Reading

December 5, 2021 | By RetailME Bureau

UAE gears up to celebrate this year’s National Day celebrations in the 

Continue Reading

November 28, 2021 | By Zubina Ahmed

UAE-based Etisalat Group has signed an agreement with elGrocer, a leading online 

Continue Reading

November 18, 2021 | By RetailME Bureau

Amazon.ae announced that the 11.11 sale is back once again this year 

Continue Reading

November 8, 2021 | By RetailME Bureau

Abu Dhabi Cooperative Society’s COOP City store is now open in Lake 

Continue Reading

November 3, 2021 | By RetailME Bureau

Union Coop, a consumer cooperative in the UAE, revealed that 78% of 

Continue Reading

August 24, 2021 | By Jibran Chouguley

Union Coop has opened its 23rd branch within the UAE in Jumeirah 

Continue Reading

August 2, 2021 | By Jibran Chouguley

Nando’s has revealed their revamped Sheikh Zayed Road outlet where newcomers and 

Continue Reading

July 8, 2021 | By Jibran Chouguley




Download Images RetailME Magazine