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India’s Retail inflation hits “historically low” level in June

Published

7 years ago

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Retail inflation, Food items, Vegetable, Puless. Milk products, Reserve Bank, Business news

New Delhi: Retail inflation hit a “historically low” level of 1.54 per cent in June on dip in food items like vegetables, pulses and milk products, which may prompt the Reserve Bank to go in for rate cut next month.

 

 

“The number of 1.54 per cent is historically low and reflects the firm and ongoing consolidation of macro economic stability,” Chief Economic Adviser Arvind Subramanian told reporters.

“The last time we saw such inflation-according to slightly different CPI (IW)-was in 1999 and before that in August 1978,” he added.

 

 

The latest series of Consumer Price Index (CPI) was introduced in January 2012.

Inflation in the previous month – May this year – was 2.18 per cent.

On the other hand, in June last year, it was 5.77 per cent.

 

 

As per the data released by Central Statistics Office, inflation in the food basket as a whole contracted further to 2.12 per cent last month as compared to (-)1.05 per cent in May.

Vegetables inflation declined to 16.53 and that of pulses and products to 21.92 per cent.

 

 

There was decline in rate of price in eggs (-0.08 per cent). On the other hand, the protein rich meat and fish turned costlier as the inflation spiked to 3.49 per cent in June from 1.87 per cent in May.

Fruits too were dearer on monthly basis.

 

 

The retail inflation in the fuel and light segment slowed to 4.54 per cent as compared to 5.46 in May.

The Reserve Bank, which mainly factors in retail inflation to arrive at its monetary policy, is slated to meet in early August to announce the next bi-monthly policy rate.

 

 

In its last policy in June, the central bank had kept the key lending rate unchanged citing risk to inflation.

 

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Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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