Retail inflation: Retail inflation may reach a five-month low, due to this there is a possibility of a reduction

Posted on 4th Aug 2022 02:50 pm by rohit kumar

There is news of relief on the inflation front. Retail inflation is expected to remain at 6.65 percent for July. If that happens, it will be the lowest rate in five months. Inflation is expected to come down due to a fall in food prices and a reduction in tax on fuel.

 

Barclays has said in its report that there may be a decrease of 0.36 percent in July as against 7.01 percent in June. The inflation data for July will be released on August 12. Earlier in April, the rate of retail inflation had reached an 8-year high of 7.79 percent.

 

Duty on petrol and diesel was reduced in May

 

The government had reduced excise duty on petrol and diesel in May. This is expected to bring relief on many fronts with food items. Rahul Bajoria, Chief Economist, India, Barclays, said several factors are expected to reduce retail inflation. Also, by October, it can come under the RBI's fixed ambit.

 

Inflation will decrease further in two to three months

 

Barclays said RBI will also get relief due to a reduction in the inflation rate. It is expected that it will continue to decrease for the next two to three months. The possibility of a fall in prices on the front like edible oil, and cooking gas will also reduce now. However, it said that floods in some parts of the country last month may have caused some damage.

 

Also Read: Rice Production in India: There is a danger of rising rice prices in the country, is this the reason?

Other news

Tamil Nadu Budget 2023: Tamil Nadu government presented the budget for 2023-24, AIADMK created a ruckus

Tamil Nadu Budget 2023-24 live updates: The Tamil Nadu government presented the budget for 2023-2

The Foreign Minister of Belarus arrives in India on a two-day visit, and will meet S Jaishankar this evening

Belarus Foreign Minister Vladimir Makei arrived in Delhi on Wednesday for his two-day visit to In

The story of a Bangladeshi Hindu: He said there is no security here; 400 people attacked his house, everything was destroyed

India won six medals in the Paris Olympics in 2024, but the country's performance was worse than

America said – Freedom for all religions in India: Human rights are respected there, the situation in China and Pakistan is opposite

Praising religious freedom in India, America has said that India is the world's largest democracy

Bharat Jodo Yatra: Fourth day of Rahul Gandhi's India Jodo Yatra in Kerala, prayer begins at Sivagiri Math, will enter Kollam today

Congress leader Rahul Gandhi on Wednesday began his spiritual India Jodo Yatra by paying homage t

IND vs ENG 1st Test: Rishabh Pant will make a historic start to the series! He can break Dhoni's 3 records in the first test itself.

Before the 5-Test series against England, the Indian team went through a period of major change.

Pawan Singh's wife Jyoti Singh has demanded an alimony of Rs 30 crore from him. Divorce will happen soon!

Bhojpuri superstar Pawan Singh's personal life has been in turmoil for quite some time. His rift

US President Warns On Ukraine Crisis, Putin's Nuclear Threat Is No Joke; i know them well

Russia-Ukraine Conflict: America is keeping its eye on Russia and Ukraine crisis. America is givi

Delhi weather Today: Friday morning with cold and dense fog, today there will be sunshine and the weather will be like this from tomorrow...

Delhi Today Weather News While January bid farewell and February started with rain in Delhi-NCR,

Singham 3 vs Bhool Bhulaiyaa 3: Bhool Bhulaiyaa 3 won the first battle, the trailer was viewed so many crores times in 24 hours

Horror-comedy film Bhool Bhulaiyaa 3 starring Kartik Aaryan, Vidya Balan, Tripti Dimri, and Madhu