Tomato prices showing a decline. Nonetheless, both the government and RBI must heighten their vigilance to address heightened inflationary pressures, according to the finance ministry’s statement on Tuesday.
The augmented allocation for capital expenditure by the government in the ongoing fiscal year is currently fostering the influx of private investment. Both domestic consumption and investment demand are projected to continue propelling growth in the future, as highlighted in the Monthly Economic Review for July issued by the ministry.
In July 2023, the retail inflation based on the consumer price index surged to a 15-month peak of 7.44 percent, primarily driven by specific food commodities. However, core inflation remained at a 39-month low of 4.9 percent.
