P Chidambaram, Former Finance Minister :
According to the National Statistics Office’s press release dated July 12, 2021, India’s Consumer Price Inflation has breached the upper limit of the range determined by the government and the RBI.
The range is 4 plus/minus 2 per cent, but the CPI is 6.23 per cent. Urban CPI has spurted from 5.91 per cent in May to 6.37 per cent in June. Core inflation has moved up in a month from 5.5 per cent to 5.8 per cent.
Food inflation is at 5.58 per cent. Pulses inflation is at 10.01 per cent. Fruits inflation is at 11.82 per cent. Transport inflation is at 11.56 per cent. Fuel & Light inflation is at 12.68 per cent. And Oils and Fats inflation is at 34.78 per cent.