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Retail inflation at five-month high of 5% in June despite easing food prices

-PTI

The retail inflation based on Consumer Price Index (CPI) was 4.87 per cent in May. It was 1.46 per cent in June 2017.

Retail inflation rose to 5 per cent in June, a five-month high despite easing food prices, government data showed on Thursday.

The retail inflation based on Consumer Price Index (CPI) was 4.87 per cent in May. It was 1.46 per cent in June 2017.

The earlier high was in January this year at 5.07 per cent.

As per the data released by the Central Statistics Office (CSO), the inflation in the food basket was 2.91 per cent, compared to 3.1 per cent in May.

The inflation in fuel and light category, however, went up to 7.14 per cent as against 5.8 per cent in May.

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