Number theory: How to read today’s inflation numbers
Roshan Kishore, Hindustan Times, New Delhi
Jul 12, 2021 05:12 AM IST
Episodes of inflationary spike in India have often been driven by a sharp jump in non-core inflation.
The National Statistical Office (NSO) will release the June numbers for Consumer Price Index (CPI), India’s benchmark retail inflation measure, on Monday. A Reuters forecast of economists expects CPI to grow at 6.58% on a year-on-year basis in the month of June. If true, this will be the highest inflation number since the November 2020 value of 6.9%. This will also make June the second consecutive month when retail inflation will be higher than the upper limit of the Reserve Bank of India’s tolerance band of 6%. Here are five charts that can help make sense of the latest inflation numbers.
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