Retail inflation hits six-year low of 2.10% in June
(You can now subscribe to our
(You can now subscribe to our Economic Times WhatsApp channel
India's retail inflation eased to a six-year low of 2.1% in June, aided by an easing of food price rises and favourable base effects, government data released on Monday showed. This marks the fifth consecutive month that inflation has stayed below the Reserve Bank of India 's (RBI) medium-term target of 4% and the eighth straight month it has remained under the central bank's upper tolerance band of 6%.June also marked the second month in a row with inflation below 3%. Retail inflation was down from 2.82% in May and 5.08% in June 2024.A Reuters poll of 50 economists had forecast retail inflation in June to ease to 2.50%.The data comes a month after the RBI's Monetary Policy Committee (MPC) cut the benchmark repo rate by 50 basis points to 5.5%, the third consecutive cut this year. The policy stance was shifted to 'neutral' to indicate a more balanced approach to growth and inflation going forward.For FY26, the central bank revised its CPI inflation forecast down to 3.70%, from the earlier projection of 4% made in April. The quarter-wise breakdown now stands at: Q1: 2.9%, Q2: 3.4%, Q3: 3.5%, Q4: 4.4%.The MPC observed that while inflation has softened considerably since breaching the tolerance band in late 2024, global uncertainties and supply-side risks continue to warrant close monitoring. Nonetheless, the RBI had said the inflation outlook is 'evenly balanced' and projected further easing in price pressures in the coming months.'Inflation has softened significantly over the last six months from above the tolerance band in October 2024 to well below the target, with signs of broad-based moderation,' RBI Governor Sanjay Malhotra said in his post-policy address.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
11 minutes ago
- The Hindu
Tamil Nadu Government to conduct national conference on epigraphy: Minister Thangam Thennarasu
'A national conference on epigraphy and inscriptions is soon to be conducted in Tamil Nadu,' said Tamil Nadu Finance Minister Thangam Thennarasu. Releasing a book 'Thisaiyayiram,' on epigraphy scholar S. Rajagopal during an event conducted by Archaeological Society in Madurai on Saturday (July 19, 2025), Mr. Thennarasu said that following several discussions in Legislative Assembly the fund allocated for excavation was raised from ₹5 crore to ₹7 crore. T.N. Finance Minister Thangam Thennarasu urges RBI to withdraw new restrictions on gold loans 'In addition to archaeology, the State Government was also keen on focussing on inscriptions and museums,' he added. 'A revival of the interest in archaeology in recent years could be attributed to the inception of museums and excavations sites,' he said. 'Moreover, in the last 10 to 15 years period, youngsters' interest in archaeology, excavations and its related subjects, has increased multifold, thanks to social media platforms and various forums,' he noted. Centre's desire is to treat Tamils as secondary citizens, says Thangam Thennarasu Mr. Thennarasu stated that the forums taking up the complex, technical subjects of history to the public in laymen's subject was an important development in the field. He pitched the government's idea of coming up with thematic museums in places such as Thirumalai Nayak Palace to provide the public with a holistic experience of the inscriptions and its history. Archaeologist and secretary of 'Pandiya Naatu Varalatru Aiyvu Mayam,' C. Santhalingam, Assistant Director of Tamil Nadu State Department of Archaeology V.P. Yathees Kumar, were also present during the event.
Time of India
an hour ago
- Time of India
Signature Global to launch homes worth Rs 6,000 cr in Gurugram in Jul-Sep: Chairman
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Realty firm Signature Global plans to launch homes worth Rs 6,000 crore for sale in Gurugram in the current quarter to cater to the demand from end-users and Global was the fifth-largest listed real estate firm in 2024-25, in terms of sales bookings, falling behind Godrej Properties, DLF, Lodha Group and Prestige Estates Projects company had clocked record pre-sales of Rs 10,290 crore last an interview with PTI, Signature Global Chairman Pradeep Kumar Aggarwal said the company launched one housing project in Gurugram during the June quarter with total revenue potential of around Rs 3,500 crore."We are planning to launch 3.5-4 million square feet in the current quarter. The total sales potential would be around Rs 6,000 crore," he said the demand continues to be strong, especially for good brands."The maximum demand is in the Rs 2-4 crore category," he on the sidelines of a real estate conference, Aggarwal asserted that there was no bubble in the Gurugram housing market and ruled out any price remains confident of achieving its target to sell Rs 12,500 crore worth of homes this fiscal, even as its pre-sales dipped 15 per cent in the June the April-June quarter, the company reported a 15 per cent decline in sales bookings to Rs 2,640 crore from Rs 3,120 crore in the year-ago company sold 778 homes in April-June 2025 against 968 units a year terms of volumes, pre-sales dipped 20 per cent to 16 lakh square the June quarter, the average sales realisation stood at Rs 16,296 per sq ft compared to Rs 12,457 per sq ft in the last expand business and refinance debt, Signature Global is also looking to raise Rs 875 crore through the issue of non-convertible posted a net profit of Rs 101.2 crore in the last fiscal, a sharp jump from Rs 16.32 crore in the preceding total income grew to Rs 2,637.99 crore in the last fiscal from Rs 1,324.55 crore in Global has delivered 14.6 million sq ft of real estate so 10.4 million square feet is under construction.
Time of India
an hour ago
- Time of India
IndiGo launches flight operations from Hindon Airport, connecting 9 cities
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Union Civil Aviation Minister Ram Mohan Naidu Kinjarapu has launched new flight routes from Hindon Airport in Ghaziabad, to be operated by Air India Express, IndiGo becomes the second airline to mark its presence in Hindon Airport. Four months ago, Air India Express started its operations Airport in NCR will now be connected with nine Indian cities -- Bengaluru, Kolkata, Varanasi, Goa, Patna, Chennai, Mumbai, Ahmedabad, and Indore through IndiGo services."This is an (Udan) success of, Hindon, Ghaziabad, western Uttar Pradesh, and entire country. This is an Udan of the ambitions and aspirations of common Indians," the Union minister said from the Hindon fleet, airports, terminal capacity, and flyers have doubled in India over the past decade, the minister said, reflecting the growth India's civil aviation sector has made."During 2024-2034, civil aviation in tier II and III cities will grow and we will have to unlock the potential. Hindon will serve as an example," the minister operations from both Indira Gandhi International Airport (DEL) and Hindon Airport (HDO), flyers based out of the National Capital Region will be served by these two Hindon Airport's development work was taken up in 2019 under UDAN at Rs 50 crore, in collaboration with Indian Air Force, Minister Naidu said in his address during his speech, said the annual flyers from Hindon Airport was about 8,000 in 2019, which has risen to upwards of 80,000 Budget 2025-26 has put an additional thrust on the ever-growing domestic civil aviation by the success of the previous regional connectivity scheme, a modified UDAN scheme will be launched to enhance regional connectivity to 120 new destinations and carry 4 crore passengers in the next 10 UDAN scheme, launched in April 2017, focuses on improving unserved air routes in underserved regions. India's aviation industry has experienced significant growth in the past decade, and the number of operational airports in the country has since government aims to make India a global aviation hub by 2030.
