India's retail inflation eases further to 5.3% in August

Inflation is within RBI's 2%-6% comfort range for a second month. But it has been above the medium-term target of 4% for nearly two years

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Inflation in the food basket was 3.11% in August compared to 3.96% in the preceding month

BS Web Team Agencies

4 min read Last Updated : Sep 13 2021 | 7:54 PM IST

India's retail inflation in August marginally eased to 5.3%, staying within Reserve Bank of India's comfort zone for a second month, government data showed on Monday.

The retail inflation based on the Consumer Price Index (CPI) was 5.59% in July and 6.69% in August 2020. As per the data released by the National Statistical Office (NSO), inflation in the food basket was 3.11% in August compared to 3.96% in the preceding month.

Inflation is within RBI's 2%-6% comfort range for a second month. But it has been above the medium-term target of 4% for nearly two years. "The Price data are collected

Topics : retail inflation Indian Economy

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