Consumer inflation in June at 6.09 per cent, exceeds RBI's medium-term target
The retail inflation based on Consumer Prince Index (CPI) in June 2020 stood at 6.09 per cent on account of higher food prices, showed the government data released on Monday. The CPI in June 2020 was nearly double than what it was in the same month last year. The retail inflation based on Consumer Prince Index was 3.18 per cent in June 2019.
The consumer inflation in March this year was 5.84 per cent. The government didn't release the CPI numbers in the month of April and May in the absence of data due to the coronavirus pandemic.
In a press release, the Ministry of Statistics & Programme Implementation said that the inflation figures for the month of June are based on data collected from limited markets in view of the restrictions imposed on account of coronavirus pandemic.
The data collected, however, did not meet the adequacy criteria for generating robust estimates of CPIs at the state-level, it added.
Posted By: Shashikant Sharma