New Delhi: There was fear. But no study predicts that the rate of inflation in the retail market will increase by about 3 percent in one stroke. In July, the country’s retail inflation rate reached 7.44 per cent. This is the highest in the last 15 months. In June, the rate of increase in retail prices in the country was 4.81 percent. It was 4.31 per cent in May.
Earlier, in April 2022, the price rise in the country’s retail market had reached 7.79 percent. July 2023 came close to that precedent. Food products account for about half of the general retail price increase. According to central data released on Monday, the prices of edible oil and vegetables have increased compared to last year. It is alleged that it is gradually going beyond the affordability of ordinary consumers. The consumer price index (CPI) of vegetables rose to 6.71 per cent in July from 4.87 per cent in June.
