Retail inflation dips slightly to 3.15% in July despite costlier food items

The inflation in the food basket was 2.36 per cent in July, marginally up from 2.25 per cent in the previous month

Consumer price index (CPI)-based retail inflation eased marginally to 3.15 per cent in July on the back of softening fuel and light prices, even as inflation in the overall food basket moved up, government data showed on Tuesday.

Retail inflation was 3.18 per cent in June 2019, while it stood at 4.17 per cent in year-ago period (July 2018).

The overall food inflation, measured on consumer food price index (CPFI), moved up to 2.36 per cent during July from the revised 2.25 per cent print for June 2019, according to data released by the Central Statistics Office (CSO) under the Ministry of