Master Stroke: Retail inflation highest in past five months

13 Jul 2018 10:26 PM

Master Stroke: Retail inflation highest in past five months

Updated 13 Jul 2018 10:26 PM

The Consumer Price Index (CPI) inflation rose to a five-month high of 5.0 percent in June 2018 when compared to 4.87 percent in May and 1.46 percent in June 2017.
The core CPI inflation rose to 6.45 percent.
"We believe that the actual inflation figures for H1 FY19 will undershoot RBI inflation projections given in April policy by almost 50 basis points (bps) and by around 30 basis points (bps) in June Policy's maximum point. The outlook for inflation is evenly balanced till now and the impact of MSP on inflation will largely depend upon how the procurement will happen," a report from the Economic Research Department of State Bank of India read.

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