Retail inflation likely slowed in June on pickup in economic activity: Poll

Topics retail inflation | CPI | Lockdown


India's consumer price inflation likely eased in June from March, a Reuters poll predicted, as loosened coronavirus-led restrictions in most of the country drove a slight recovery in economic activity and helped reduce a supply crunch. The July 3-8 poll median of over 35 economists showed India's retail inflation in June moderated to 5.30% from March's revised 5.

84%, still breaching the Reserve Bank of India's medium-term target of 4.00%. ALSO READ: Coronavirus LIVE: India logs biggest single-day spike of 24,879.

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