Consumer Price Inflation Surges to Highest in 15 Months”

Retail inflation jumped to a 15-month high of 7.44 percent in July as prices of vegetables and other food items spiked, according to official data released on Monday.

The Consumer Price Index (CPI) based inflation was at 4.87 in June and 6.71 percent in July 2022.

Previously, high inflation was recorded at 7.79 per cent in April 2022.

The inflation in the food basket was 11.51 percent in July compared to 4.55 percent in June and 6.69 percent in July 2022, as per the data.

The retail inflation in vegetables year-on-year was 37.43 percent while the rate of price rise in ‘cereals and products’ was 13 percent, showing the data released by the National Statistical Office (NSO). (Agencies)