Retail inflation in India eased in August due to lower food prices, but remained above the Reserve Bank of India’s (RBI) comfort level. The consumer price index (CPI) rose 6.8% annually in August, slower than a 15-month high of 7.4% in July. Food inflation also decreased to 9.9% in August from 11.5% in July. However, experts warn that the outlook for food inflation remains uncertain due to factors such as onion prices and delayed sowing of crops.
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Retail inflation eases, still above RBI’s comfort level
Retail inflation in India eased in August due to lower food prices, but remained above the Reserve Bank of India’s (RBI) comfort level. The consumer price index (CPI) rose 6.8% annually in August, slower than a 15-month high of 7.4% in July. Food inflation also decreased to 9.9% in August from 11.5% in July. However, experts warn that the outlook for food inflation remains uncertain due to factors such as onion prices and delayed sowing of crops.
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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