Economy / Retail inflation eases to 6.69% in August against 6.73% in July

Retail inflation growth across the country eased to 6.69% in the month of August, the data released by the Ministry of Statistics & Programme Implementation (MoSPI) showed on Monday. The retail inflation which is measured by the Consumer Price Index had risen to 6.73% in July. The government had revised the CPI for June to 6.23% from 6.09%.

The Hindu : Sep 15, 2020, 07:54 AM
New Delhi: Retail inflation softened slightly to 6.69% in August, even as food prices continued to rule high, official data showed on Monday.

The government has revised downwards the retail inflation for July to 6.73% from the earlier estimate of 6.93%. Food inflation during the month stood at 9.62%.

Food inflation in August fell marginally to 9.05%, according to the Consumer Price Index (CPI) data.

The retail inflation, mainly taken into account by the RBI to arrive at its policy decisions, has been above the regulator’s comfort level.

The government has mandated the central bank to restrict the inflation at 4% (+/- 2%).