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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.

Education Infrastructure

Statistical insights on the count, coverage and specialisations offered by schools, colleges, universities and standalone institutions across India.

Payment Systems

Retail payment systems are essentially funds transfer systems which typically handle a large volume of payments of relatively low value.

Banking Operations

This page contains data on Scheduled Commercial Banks in India - total branches, total employees and growth rate.

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".

Currency Performance

Data on Indian Rupee's performance against major global currencies - current and historical values, expert analysis and comparison with global peers.

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