Retail Inflation Inches Up to 7 Percent in August Due to Higher Food Prices
Retail inflation inched up to 7 percent in August from 6.71 percent in July mainly due to higher food prices, government data showed on Monday.
New Delhi, Sep 12: Retail inflation inched up to 7 percent in August from 6.71 percent in July mainly due to higher food prices, government data showed on Monday.
The consumer price index-based inflation is above the Reserve Bank's comfort level of 6 percent for the eighth month in a row. Amazon Cuts Down Selling Fee by 50% for New Vendors Ahead of Festive Season Sale.
According to the data, inflation in the food basket was 7.62 percent in August, up from 6.69 percent in July and 3.11 percent in August 2021.
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