Sunday, December 22, 2024 | 09:52 PM ISTEN Hindi

Home / Economy / News / Retail inflation will come down to below 4% only after Dec: SBI report

Retail inflation will come down to below 4% only after Dec: SBI report

The Consumer Price Index (CPI) inflation rate during August, the data for which is yet to be released, was likely to remain at about 7 per cent, said SBI Ecowrap

cpi, wpi, inflation, retail, food, prices, vegetables, markets, shops

Premium

According to government data, the retail inflation rose to 6.93 per cent in July, mainly driven by rising prices of food items like vegetables, pulses, meat and fish

Press Trust of India New Delhi

2 min read Last Updated : Sep 10 2020 | 10:44 PM IST

Attributing the recent surge in retail inflation to huge government procurement and supply disruptions on account of the Covid-19 pandemic, an SBI report said that the price rise was likely to come down to below 4 per cent only after December.

The Consumer Price Index (CPI) inflation rate during August, the data for which is yet to be released, was likely to remain at about 7 per cent, said SBI Ecowrap. The data is scheduled to be released on Monday.

According to government data, the retail inflation rose to 6.93 per cent in July, mainly driven by rising prices of food items

Topics : retail inflation Indian Economy Consumer Price Index

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in