Icon
Install our app for a richer news experience
Install Now

Retail inflation prints at 6.71% in July, declining for the third straight month

14 Aug '22

The drop in inflation in July is primarily attributed to easing global commodity prices given the looming recession fears. The international crude oil prices are down about 9% this month and below 100 dollars a barrel, hitting pre-Ukraine crisis lows. The fuel tax cut announced by the government has contributed to lower fuel price-based inflation. Restrictions on wheat exports and lower import duties have contributed to easing the pressure on food items.

Assam Budget

Assam's Budget - current and historical values on budget and actuals for revenue and expenditure, variances, comparisons, deficits, in addition to statistics and expert analysis.

Andhra Pradesh Budget

Andhra Pradesh's Budget - current and historical values on budget and actuals for revenue and expenditure, variances, comparisons, deficits, in addition to statistics and expert analysis.

Arunachal Pradesh Budget

Arunachal Pradesh's Budget - current and historical values on budget and actuals for revenue and expenditure, variances, comparisons, deficits, in addition to statistics and expert analysis.

Index of Industrial Production (IIP)

The all India IIP is a composite indicator that measures the short-term changes in the volume of production of a basket of industrial products during a given period with respect to that in a chosen base period.

Wholesale Inflation

It measures the changes in the wholesale price of basket of 697 goods. The quantum of rise in the WPI month-after-month is used to measure the level of wholesale inflation in the economy.

Retail Inflation

It is a general rise in consumer price levels where a unit of currency effectively buys lesser goods and services. More commonly, people refer to inflation as "the rising cost of living".

Support Independent Journalism

Subscribe to keep news free

More than ever before, our country needs journalism that is independent, fair and non-pliant to the bureaucracy. We need the support of like-minded readers like you to help us survive editorially and financially.

Subscribe

Podcast Shows

Experience quality journalism through our weekly and issue-based podcast shows. Enjoy them in the comfort of your homes or while on the move.

Highlights Video Podcast Data Quiz