The data released by the Union Ministry of Statistics on Monday (July 13) revealed that consumer price index (CPI) or retail inflation, an estimation of change in prices of a basket of goods and services, has increased to 6.09 per cent in June from 5.84 per cent in March.
This was in contrast to economists’ prediction that retail inflation would touch 5.30 per cent. However, due to non-availability of CPI data for April and May, as a nationwide lockdown was imposed to control the spread of COVID-19, the ministry released only consumer food price index (CFPI) for May.
Year on year rate of inflation (%) based on All India Consumer Food Price Index (CFPI) pic.twitter.com/JasWdVraht
— Ministry of Statistics & Programme Implementation (@GoIStats) July 13, 2020
To address the non-availability of data for several sub-groups during April and May 2020, NSO undertook a separate exercise based on the imputation methodology recommended in ‘Business Continuity Guidelines’, brought out by Inter-Secretariat Working Group on Price Statistics, the ministry said in a press release.
“During the lockdown period, prices were collected through telephonic call from the designated outlets in selected markets, which was supplemented by information collected during the personal purchase of field staff for the items being transacted from neighbourhood outlets keeping in view the travel advisories,” it added.