Retail Inflation in July 2024: The public seems to be getting great relief from inflation in July. Retail inflation has come down to a 5-year low in July and stood at 3.54 percent. This is the lowest level since August 2019. Retail inflation was at 3.28 percent in August 2019. The data of retail inflation (CPI Inflation) and industrial production (IIP) has come on Monday. In this, IIP stood at 4.2 percent in June 2024.