CPI-based inflation rose to 6.1% in June; food inflation eased to 7.9%

Consumer Price Index (CPI)-based inflation for June stood at 6.09 per cent, slightly above the Reserve Bank of India’s target band of 4 per cent (with a margin of +/- 2 per cent), showed the official data released on Monday. This has raised expectations of another rate cut.

The National Statistical Office (NSO) released the headline CPI numbers after a gap of two months. It had cited difficulty in data collection (due to the lockdown) for the absence of data for April and May. However, it had released the Consumer Food Price Index-based inflation  data for all months.

CFPI for June came