Both rural and urban inflation have fallen to lower than 5%. In fact, inflation has fallen by more than 1% in April as compared the preceding month
During the month under review, crude petroleum inflation was at 91.74% as compared to 80.57% in October
IIP growth: Power generation rose 11.3%, and mining output also increased by 19.5% in July. In July 2020, the IIP had contracted 10.5%.
Inflation in the food basket slowed down to 3.96% in July from 5.15% in the previous month
The RBI also said the extent of retail price increase in the post-lockdown period was also much higher than the usual summer uptick in food prices
Food inflation based on CPI-AL and CPI-RL stood at 1.24% and 1.54% in April 2021, respectively
Retail inflation rose to 5.52% in March, mainly on account of higher food prices, while industrial production contracted by 3.6% in February
Retail inflation for farm workers and rural labourers rose to 2.67% and 2.76% in February against 2.17% and 2.35%, respectively in January 2021
Overall, inflation has remained low in the last seven years. But in some items, there was a rise in prices due to supply constraints because of COVID-
After witnessing months of softening of prices, food articles in February saw 1.36% inflation