Retail Inflation Data: Due to the rise in the prices of food items, the retail inflation rate has once again crossed 5 percent. The retail inflation rate in June 2024 has been 5.08 percent which was 4.80 percent in May 2024. There has been an increase in the food inflation rate and it has crossed 9 percent. Food inflation rate was 9.36 percent in June which was 8.83 percent in May.
surge in inflation rate
The Ministry of Statistics has announced retail inflation rate figures for the month of June. According to the data, due to the rise in the prices of food items, the retail inflation rate has been 5.08 percent which was 4.75 percent in May, which has now been revised to 4.80 percent. A year ago, in June 2023, the retail inflation rate was 4.87 percent. Food inflation rate was 9.36 percent in the month of June which was 8.83 percent in May. The food inflation rate in June 2023 was 4.31 percent.
