Retail inflation at 6.69% in August, marginally down from 6.73% in July
August’s consumer price index (CPI)-based inflation rate was lower than the 6.73% registered in July.Updated: Sep 14, 2020 18:09 IST
India’s consumer inflation in August remained at 6.69%, slightly lower than 6.73% recorded in the previous month, according to government data released on Monday.
The consumer price index (CPI)-based inflation rate for July has been revised to 6.73% from 6.93%. Food inflation during the month stood at 9.62%.
According to the CPI data, food inflation in August fell marginally to 9.05%.
The retail inflation, which is taken into account by the Reserve Bank Of India (RBI) to arrive at its policy decisions, has been above the regulator’s range of 4% to 6%.