New Delhi, July 12, 2024.
Retail inflation surged to 5.08% in June, rising to a 4-month high on an annual basis from 4.80% in May last month, as per government data released on Friday, July 12, 2024.
Food inflation rose to 9.55% in June, up from 8.69% in May and 4.55% in June 2023. Rural inflation climbed to 5.67% in June from 5.34% in May and 4.78% in June 2023.
In contrast, urban inflation slightly decreased to 4.39% in June from 4.21% in May and 4.96% in June 2023.
India’s Index of Industrial Production (IIP) increased by 5.9% in May compared to 5% in April, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday.
