India’s Retail Inflation rate of June 2021, Consumer Price Index (CPI) number of June 2021

Retail Inflation rate and CPI number for June 2021 of India has been declared on 12th July 2021 (Monday) by the National Statistical Office (NSO), under Ministry of Statistics and Programme Implementation (MoSPI).

  1. June Inflation (general) is 6.26%, decreased by 0.63% over May Inflation (general) of 6.30%.
  2. June Inflation (food) is 5.15%, increased by 2.79% over May inflation (food) of 5.01%.
India's Retail Inflation rate of June 2021, Consumer Price Index (CPI) number of June 2021
Retail Inflation rate, CPI, CFPI data for June 2021

Meaning of Inflation:

  1. Inflation means the rise in prices of goods and services. It includes the rise in prices of daily consumable items like milk, egg, cereals, fruits & Vegetables, meat and fish. Also it reflects the rise in cost of clothing and footwear, food and beverages, Housing, fuel and lights, expenditure on Education and Health, Recreation and amusement, Transport and communication and many more.
  2. Inflation means the decline in purchasing power of a currency over a period of time for a country. So, inflation indicates the quantitative rate of the decline in purchasing power, in which the rise in average prices of selected goods and services are measured over a period of time.

What is CPI, Consumer Price Index inflation?

Consumer Price Index is an index which collects the changes in prices of selected items from goods and services. The list of items keeps on updating by Government. So, based on the changes in Consumer Price Index, inflation is calculated. Consumer Price Index, CPI’s yearly changes in percentage is used to calculate inflation.

Consumer Price Index Formula or Consumer Price Index calculator:

How the Consumer Price Index is calculated? The Consumer Price Index is calculated with reference to a base year. We get value of Consumer Price Index, if Cost of Basket (current year) is divided by Cost of Basket (base year), and the result is multiplied by 100.

Consumer Price Index Formula = [Cost of Basket (current year) / Cost of Basket (base year)] x 100

Retail Inflation rate in India in June 2021:

On 12.07.2021, the National Statistical Office (NSO), under Ministry of Statistics and Programme Implementation (MoSPI) has released All India Consumer Price Index (CPI) on Base 2012=100 and corresponding Consumer Food Price Index (CFPI) for Rural (R), Urban (U) and Combined (C) for the month of June 2021 (Provisional).

The Price data are collected from representative and selected 1114 urban markets and 1181 villages covering all States / UTs by NSO.

Inflation rate and CPI-CFPI official circular by NSO for June 2021 pdf to download: (Source: mospi.nic.in)

State/UT wise General Consumer Price Indices for June 2021 (Provisional) (Base: 2012=100) :

The CPI (General) for state or UT wise has been attached below.

  1. The Highest CPI (General) among all states and UTs – Manipur
  2. The Lowest CPI (General) among all states and UTs – Delhi

State / UT wise year-on-year inflation rates (%) for June 2021 (Provisional) (Base: 2012=100) :

The year-on-year inflation rates (%) for state or UT wise has been attached below.

  1. The Highest year-on-year inflation rates (%) among all states and UTs – Himachal Pradesh
  2. The Lowest year-on-year inflation rates (%) among all states and UTs – Assam

Rate of inflation in India month wise data of year 2020, 2021:

Inflation in monthInflation % data% Change in Inflation over last month Y-o-Y
June 20216.26-0.63%
May 20216.3048.94%
April 20214.23-22.28%
March 20215.529.74 %
February 20215.0323.89 %
January 20214.06-11.55 %
December 20204.59-33.77 %
November 20206.93-8.94 %
October 20207.614.68 %
September 20207.278.67 %
August 20206.69-0.59 %
July 20206.738.03 %
June 20206.23-0.48 %
My 20206.26-13.30 %
April 20207.2223.63 %
March 20205.84-11.25 %
February 20206.58-13.31 %
January 20207.59
Rate of inflation in India month wise data

Rate of inflation data of India includes the following items:

  1. Food and beverages –
    1. Cereals and products
    2. Meat and fish
    3. Egg
    4. Milk and products
    5. Oils and fats
    6. Fruits
    7. Vegetables
    8. Pulses and products
    9. Sugar and Confectionery
    10. Spices
    11. Non-alcoholic beverages
    12. Prepared meals, snacks, sweets etc.
  2. Pan, tobacco and intoxicants
  3. Clothing and footwear
  4. Housing
  5. Fuel and light
  6. Miscellaneous
    1. Household goods and services
    2. Health
    3. Transport and communication
    4. Recreation and amusement
    5. Education
    6. Personal care and effects

Components of CFPI, Consumer Food Price Index :

CFPI, Consumer Price Index consists of 10 sub-groups under group Food and beverages, named below: Food and beverages –

  1. Cereals and products
  2. Meat and fish
  3. Egg
  4. Milk and products
  5. Oils and fats
  6. Fruits
  7. Vegetables
  8. Pulses and products
  9. Sugar and Confectionery
  10. Spices

Disclaimer: Kindly consult official website of RBI for any confusion or clarifications.

Leave a Reply

%d bloggers like this: