Retail inflation in July slips to 8-year low of 1.55%
The CPI based inflation was 2.1% in June and 3.6% in July 2024
Unlock Exclusive Insights with The Tribune Premium
Take your experience further with Premium access. Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only Benefits
Advertisement
Retail inflation slipped to an eight-year low of 1.55 per cent in July mainly due to subdued prices of food items, including vegetables and cereals, according to government data released on Tuesday.
The consumer price index (CPI) based inflation was 2.1 per cent in June and 3.6 per cent in July 2024.
Advertisement
The July 2025 inflation is the lowest since June 2017, when it was at 1.46 per cent.
“The significant decline in headline inflation and food inflation during the month of July is mainly attributed to favourable base effect and to decline in inflation of pulses and products, transport and communication, vegetables, cereal and products, education, egg and sugar and confectionery,” the National Statistics Office (NSO) said.
The year-on-year food inflation rate in July was (-) 1.76 per cent.
Advertisement
Advertisement
Advertisement