Retail inflation stood at 6.71 per cent in July 2022 and the previous high was recorded at 7.79 per cent in April 2022. Retail inflation spiked to a 15-month high of 7.44 per cent in July as tomatoes, vegetables and other food items turned costlier, overshooting Reserve Bank's comfort level for the first time in the current fiscal. Retail inflation stood at 6.71 per cent in July 2022 and the previous high was recorded at 7.79 per cent in April 2022. The retail inflation was in the RBI's comfort zone from March to June this year. NSO collects the price data from selected 1,114 urban markets and 1,181 villages covering all States and Union Territories.

Source: dna August 15, 2023 02:24 UTC