The retail inflation for August dipped to 6.83% from 7.44% in July owing to reduction in prices of vegetables, data released by government showed.However, the inflation is still above the Reserve Bank of India’s comfort zone threshold of 6%.In July, the inflation had skyrocketed after a sharp prices in prices of food, especially tomatoes, across the country.
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Retail inflation eases to 6.83% in August amid falling food prices
The retail inflation for August dipped to 6.83% from 7.44% in July owing to reduction in prices of vegetables, data released by government showed.However, the inflation is still above the Reserve Bank of India’s comfort zone threshold of 6%.In July, the inflation had skyrocketed after a sharp prices in prices of food, especially tomatoes, across the country.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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