New Delhi : From the kitchen to your pocket, of inflation The pressure seems to be mounting once again. The figures released by the government have raised the concern of the general public. The country's retail inflation rate (CPI) rose to 4.45% in July from 4.38% in June. While the figure was slightly lower than economists' estimate of 4.50%, it was still consistently above the Reserve Bank of India's fixed target of 4%.
This is the highest level of inflation since the introduction of a new series of consumer price indices and a new 'consumption basket' this year. The biggest reason behind the increase in inflation is the increased prices of food and drink items, which affected the budget of the general public. Food inflation rose to 5.52% in July from 5.32% in June. Worryingly, people living in rural areas are more affected than cities.
According to the latest data, food inflation in rural areas stood at 5.79%, while in urban areas it was slightly lower at 5.05%. Onion inflation rate jumped sharply to 22.54% in July from 4.73% in June. The inflation rate of garlic has also increased from 17.93% to 35.36%.
Other needs, services also became expensive
Transport inflation rose to 4.43% in July from 4.31% in June, while freight rates rose to 7.77%. Personal care, social security and miscellaneous services posted the highest rate of inflation at 14.77%, with other personal items rising to 43.54%. Inflation was recorded in clothing and footwear at 3.38%, education at 3.64%, house rent at 2.22% and health at 1.34%.
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