London, Friday, 12 August 2022
In July 2022, India's annual inflation rate decreased slightly from 7.01% in June to 6.71%, a five-month low, beating market expectations of 6.78%. Food prices decreased (6.75% vs. 7.56% in June), as did transportation and communication costs (5.55% vs. 6.9%), and healthcare costs (5.45% vs. 5.47%).
In contrast, inflation increased for fuel and light (11.8% vs. 10.39%), education (5.02% vs. 4.51%), and housing (3.9% vs. 3.93%). The price increase from June was 0.46%.
(Source: Ministry of Statistics and Programme Implementation (MOSPI) // Edit by: The Decision Maker – FDI editors)
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