New Delhi: Retail inflation fell to 30-month low of 7.31 percent in June, mainly on account of lower prices of food items, including vegetables, cereals and meat.
The retail inflation, measured on consumer price index (CPI), was 8.28 percent in May. Its lowest was 7.65 percent in January, 2012, the month the government started releasing the data in percentage terms.
As per the data released by the government today, food inflation fell to 7.97 percent in June against 9.56 percent in May.
During the month under review, the rate of prise rise in vegetable was 8.73 percent against 15.27 percent in May.
Cereals and its products were cheaper, with inflation of 7.6 percent as against 8.81 percent a month ago.
The rate of price rise for egg, fish and meat was 8.27 percent in June, lower than 10.11 percent in May.
Inflation in milk and milk products was 11.06 percent in June, slightly lower than 11.28 percent in the preceding month, showed the data.
Among others, food and beverages inflation stood at 7.9 percent in June vis-a-vis 9.4 percent in May.
The rate of price rise in fuel and light was 4.58 percent during the month as against 5.07 percent rise in May.
Fruit inflation came down to 20.64 percent compared to 23.17 percent a month earlier.
For oil and fats, it was 0.35 percent in June compared to 0.91 percent rise in the previous month.
According to the data, the corresponding provisional inflation rates for rural and urban areas for June are 7.72 percent and 6.82 percent compared to 8.86 percent and 7.55 percent in May, respectively.
