Headline inflation softens to 5.6% in July, Core inflation at 5.8%20-Apr-2022
Headline inflation softened for second consecutive month, easing below the 6% mark in the month of July to 5.6% largely on back of a favourable base effect and softening of prices of some food items such as edible oil, cereals, fruits and pulses. On a segment wise basis, food & beverages inflation eased to 4.46% (5.58% in June), fuel & light inflation eased to 12.38% (12.61% in June) and miscellaneous items inflation softened to 6.71% (7.21% in June). On the other hand, inflation in housing segment hardened to 3.86% in July from 3.75% in June, whereas clothing inflation rose to 6.46% in July from 6.14% in June. Inflation in pan and tobacco also increased to 4.71% from 3.98% in the previous month. Core inflation also declined, mirroring the overall decline in inflation rate. For the month of July, core inflation stood at 5.8% as against 6.1% in the month of June.