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No Respite As Price Pressure Persists

Our Urban Retail Price Tracker?the PURP index? logged an increase of 0.81% MoM to 105.7 pts in the month of June (vs 0.77% MoM in May). Despite declines in the consumer, brewery and cement space, price increases across the commodity and oil & gas basket, on the back of higher crude oil price and the Ramadan festival largely neutered the decline to cause an overall increase in average retail price. Across board, volumes were generally higher.

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