{"id":86012,"date":"2019-06-13T16:58:19","date_gmt":"2019-06-13T11:28:19","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=5785"},"modified":"2019-06-13T16:58:19","modified_gmt":"2019-06-13T11:28:19","slug":"retail-inflation-spikes-to-7-month-high-of-3-05-in-may-on-costlier-food-articles","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/retail-inflation-spikes-to-7-month-high-of-3-05-in-may-on-costlier-food-articles\/","title":{"rendered":"Retail inflation spikes to 7-month high of 3.05% in May on costlier food articles"},"content":{"rendered":"\n
  1. According to the data released from the Central\nStatistics Office (CSO), retail inflation for the month of May has increased to\na seven-month high of 3.05%. <\/li>
  2. This is mainly due to costlier food items. As\nper the data, inflation in the food basket rose to 1.83% in May, higher than\n1.1% in April.<\/li>
  3. Retail inflation is based on the Consumer Price\nIndex (CPI). It reflects changes in the retail prices of specified goods and\nservices over a time period which are traded by particular consumer group. CPI data\nis released monthly by the Central Statistics Office which functions under the\nMinistry of Statistics and Programme Implementation.<\/li>
  4. There are four types of CPI: a) CPI-IW\n(Industrial Worker), b) CPI-UNME (Urban Non-Manual Employees), c) CPI-AL\n(Agricultural Labourers) and d) CPI-RL (Rural Labourers)<\/li>
  5. RBI has adopted CPI as the key measure for\ndetermining inflation situation of Indian economy, on recommendation of Urjit\nPatel Committee.<\/li><\/ol>\n

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    According to the data released from the Central Statistics Office (CSO), retail inflation for the month of May has increased to a seven-month high of 3.05%. This is mainly due to costlier food items. As per the data, inflation in the food basket rose to 1.83% in May, higher than 1.1% in April. Retail inflation… Continue reading Retail inflation spikes to 7-month high of 3.05% in May on costlier food articles<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3147],"class_list":["post-86012","post","type-post","status-publish","format-standard","hentry","category-economy","tag-retail-inflation","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704747495},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86012"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86012\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}