Retail inflation is expected to average over the Reserve Bank of India’s comfort limit of 6 per cent in the second quarter of the current fiscal, an RBI article said on Thursday.
In July, consumer price index (CPI)-based inflation rose to a 15-month high of 7.44 per cent from 4.81 per cent in June. The rise in inflation in July was driven primarily by increase in prices of vegetables, cereals, pulses, spices and milk and products,
This story is subscriber only!
Now subscribe at a special Republic Day offer of Rs 75/month.
Subscribe Now
Already a subscriber? Sign in