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			Retail inflation jumped to 2.36% in July, chiefly driven by hardening of prices in sugar and confectionery items, pan, tobacco and intoxicants.</div>
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			Food inflation, however, saw deflationary pressure at (-) 0.29% in July compared to (-)2.12% in June this year, showed consumer price index data released by the Central Statistics Office today.</div>
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			Retail inflation as measured by the consumer price index (CPI) was revised downwards to 1.46% for June.</div>
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			The price of sugar and confectionery items went up by 8.27% in July while pan, tobacco and intoxicants turned dearer by 6.39%.</div>
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			Housing expenses saw a price increase of 4.98% while that of the fuel and light segment was up by 4.86%. Retail price of clothing and footwear items also increased by 4.22%.</div>
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			The major contraction in price was witnessed in pulses and products at (-)24.75%, followed by vegetables (-)3.57%, eggs (-)2.04% and spices (-)1.67%.</div>
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			In rural areas, the reading for July was 2.41% while it stood at 2.17% in cities as against 1.52% and 1.41%, respectively, in June.<br />
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This, after easing for three straight months; food inflation saw deflationary pressure at (-) 0.29%

vegetable, vegetables, market, mandi

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	&quot;It&#39;s too early to say if inflation in India is undergoing a structural shift. By March 2018, expect overall inflation to be below 4%. The only caveat to this are food prices since right now we are seeing only vegetable prices going up. I think the RBI is cautious, but not behind the curve when it comes to cutting rates. There are a few factors like the U.S. Fed contracting balance sheet in September and also the question of farm loan waivers,&quot; said Puneet Pal, head of fixed income, BNP Paribas Mutual Fund.</div>

July retail inflation accelerates to 2.36% on higher vegetable prices

This, after easing for three straight months; food inflation saw deflationary pressure at (-) 0.29%