Retail inflation dips marginally to 6.69% in Aug\, food inflation at 9.62%

Retail inflation dips marginally to 6.69% in Aug, food inflation at 9.62%

Food inflation during the month stood at 9.62 per cent

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CPI | August retail inflation

Press Trust of India  |  New Delhi 

inflation, food, vegetables, money, cash, expense, expenditure, prices, income, savings
The government has mandated the central bank to restrict the inflation at 4 per cent (+/- 2 per cent)

Retail inflation softened slightly to 6.69 per cent 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 per cent from the earlier estimate of 6.93 per cent.

Food inflation during the month stood at 9.62 per cent.

The combined food price inflation came in at 9.05 per cent, 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 per cent (+/- 2 per cent).
Read our full coverage on CPI
First Published: Mon, September 14 2020. 17:47 IST