According to data released by the Ministry of Statistics and Programme Implementation on Monday, retail inflation or Consumer Price Index in July was at 3.54 per cent.
The Consumer Price Index for industrial workers surged marginally in June by 1.5 points to 141.4 however, the consumer price inflation for industrial workers declined marginally to 3.67 per cent in June from 3.86 per cent in May 2024.
Recent data indicates that the Consumer Price Index (CPI) inflation rose to 5.08 per cent in June 2024, driven primarily by higher food and beverage prices.
The consumer price inflation (CPI) for agricultural labourers (AL) and rural labourers (RL) has surged to 7.02 per cent and 7.04 per cent year-on-year in June 2024, highlights the latest data from the Ministry of Labour & Employment.
According to CRISIL report, the increase in food prices, particularly vegetables, cereals, milk, and fruits, has been a significant contributor to this uptick.
Retail inflation or Consumer Price Index in India is expected to remain below or close to 5.0 per cent in the remaining months of 2024-25, except for September, asserted SBI Research.
Amid the ring food inflation which has become a pain point, the All-India Consumer Price Index-Industrial Workers (CPI-IW) for May increased by 0.5 point to reach to 139.9, official data showed on Wednesday.
Poultry dealers have reported an increase of PKR 37 per kilogram in chicken prices. The new rate now stands at PKR 421 per kilogram, with dealers attributing the hike to increased taxes.
According to the latest Pakistan Bureau of Statistics (PBS) weekly report, the annual inflation rate has surged to 23.59 per cent. The report highlights increases in prices for 29 essential items over the past week, while five items maintained stable prices and 17 experienced price reduction
While retaining its position as the fastest-growing large economy, India's real gross domestic product (GDP) growth will moderate to 6.8 per cent in fiscal 2025 from 8.2 per cent in fiscal 2024, CRISIL observed in its recent report, citing high interest rates and lower fiscal impulse.
Annual retail inflation in May was at a 12-month low of 4.75 per cent, marginally down from 4.83 per cent in April. The retail inflation or Consumer Price Index, in December last year was 5.7 per cent, and since has been moderating.