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June food inflation UPSC NOTE

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  The headline retail inflation pace to a four-month high of 5.08% in June , from a revised 4.8% in May Costlier vegetables, cereals and fr...

 

  • The headline retail inflation pace to a four-month high of 5.08% in June, from a revised 4.8% in May

  • Costlier vegetables, cereals and fruits spurred the rise in food prices paid by Indian consumers to a six-month high of 9.4% in June

  • Rural inflation spiked to 5.66% from 5.3% a month ago.

  • Urban consumers faced a price rise of 4.4% compared with 4.2% in May. 

  • Urban India faced a higher food inflation of 9.55% while it was 9.2% for their rural peers.

  • While retail inflation has now been below 6% since September 2023, it is still far from the central bank’s 4% target and June’s Consumer Price Index (CPI) print dims the prospects of an interest rate cut in this calendar year as the Reserve Bank of India is waiting for a durable return to its target rate

  • The heatwave and delayed monsoon onset in parts of the country spurred vegetable prices 29.3% higher in June, from a 27.3% rise in May, making it the eighth successive month of double-digit rise in prices.


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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: June food inflation UPSC NOTE
June food inflation UPSC NOTE
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