In the first week of July, its prices rose three times in the first week of July after the prices of tomatoes continuously decreased.
In June, there is relief from inflation in the eighth consecutive month. Out of 20 important things like lentils, rice, oil and vegetables, 16 have come down by up to 24%. Only 4 things have become expensive up to 30%.
Tuar (Arhar) dal is included in the most cheap commodity. The prices of sun flower oil have increased the most. This information has been revealed from the Essential Commodity Index of Bank of Baroda.
It stood at -1.8% in June. Its zero below for the second consecutive month is a sign of being cheap. Actually, retail inflation in the country is continuously decreasing. By May, it decreased for the 7th consecutive month.
Now the prices of essential things are indicating that this trend continued in June. According to government data, inflation has declined every month since October 2024.
Inflation may remain 2.6% in June
Economist Deepanvita Majumdar said, ‘We estimate that retail inflation will be 2.6% in June. This is the reason for increasing the production of food items in the country. Apart from this, food items, crude oil and metal prices are either reduced or almost stable in the international market.
Oil prices worldwide stable
Food oil prices are under control worldwide, especially palm oil and soybean oil prices are stable. These are more consumed in the country. Supply from South America has increased.
In the international market, the prices of sun flower oil are also starting to decrease now as the demand is weak. Due to this, the prices of edible oil are expected to be reduced in the Indian market as well.
Tamater price increased 3 times in July compared to June
- Interestingly, the prices of tomatoes and tomatoes increased to three times in the first week of July after continuous decrease in the first week of July.
- June was the fourth consecutive month when the prices of tur dal saw a decline of more than 10%. This pulses are the highest consumption in the country.
- Another relief is that in the financial year 2025-26, starting from April, the prices of common needs like jaggery and salt remain almost stable.
Inflation reduced by 3.4% from October 2024
Retail inflation was 6.2% in October last year, which was just 2.8% in May this year. This is the reason that the repo rate has reduced by 1% so far this year. That is, inflation is decreasing on one side and loans are becoming cheap on the other side.
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Retail inflation came down to 2.82% in May: The lowest in 6 years, inflation declined due to reduction in prices of food items
India’s retail inflation has come to 2.82% in May. This is a 6 -year low. Earlier in March 2019 it was 2.86%. Retail inflation has decreased due to continuous softening in the prices of food items.
Earlier in April, retail inflation came down to 3.16%. At the same time, retail inflation was 3.34% in the month of March. This was a 67 -month low of inflation. Today i.e. on June 12, retail inflation figures have been released. Retail inflation is below 4% of the RBI target from February.
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