Retail inflation remains flat in July at 3.15%

Retail inflation in July snapped a five-month accelerating trend to ease marginally to 3.15%, according to official data released on Tuesday.Growth in the Consumer Price Index slowed slightly in July from 3.18% in June. Within the index, food prices bucked an eight-month accelerating trend to ease to 2.33% in July, compared with 2.37% in the previous month.‘Notably, fuel price inflation eased the most drastically among the major groups in the CPI.The sector saw a contraction of prices by 0.36% in July, compared with a growth of 2.24% in June.The clothing and footwear segment also saw inflation quickening marginally to 1.65% in July from 1.52% in June.The housing sector registered inflation of 4.87% compared with 4.84% over the same period.

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