Retail inflation eases to 6.71% in July as against 7.01% in June

NEW DELHI: India’s retail inflation based on consumer price index (CPI) eased to 6.71% in July, data released by the government showed on Friday.
The RBI mainly factors in retail inflation while arriving at it bi-monthly policy.
Reserve Bank’s monetary policy committee (MPC) has been tasked by the government to tame retail inflation based on consumer price index (CPI) at 4% (+,-2%).