Food inflation hits 5.15 per cent in June 2021
During May 2021, the CPI-based inflation rate was 6.30 percent, which was the highest level in 6 months. Now for the second consecutive month in June 2021, the rate of retail inflation has reached above the target of 4 per cent with 2 per cent more or less by the Monetary Policy Committee. Food inflation (CFPI) stood at 5.15 per cent in June 2021, from 5.01 per cent in May. According to the official data released by the National Statistical Office (NSO), this has happened due to the rise in the prices of food items.
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Inflation of fuel and electricity reached 12.7 percent
According to the NSO, the inflation rate of fuel and electricity reached 12.7 percent in June 2021, from 11.6 percent in May. At the same time, according to the data of Industrial Production (IIP) released by the Central Government, on a year-on-year basis, an increase of about 30 percent has been registered in May 2021. However, when compared with the figures of May 2019 before the Corona crisis, there has been a decline of 13.4 percent in industrial production in May this year. Earlier, in comparison to last year, during April 2021, it had registered a spectacular increase of 134 percent and in March, 22.4 percent.