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Retail inflation falls to 6.71% for July: Govt data
Published on Aug 12, 2022 05:51 PM IST
Analysts in a Reuters poll had predicted annual inflation of 6.78% in July, compared with 7.01% in the previous month.
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India’s annual retail inflation eased to 6.71% in July, helped by a lower rise in food prices, but remained above the central bank’s tolerance band of 2%-6% for the seventh month in a row, government data released on Friday showed.Analysts in a Reuters poll had predicted annual inflation of 6.78% in July, compared with 7.01% in the previous month.
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