logo
 
Retail inflation inched up marginally to 3.21 per cent in August this year from 3.15 per cent in July, mainly due to costlier food items.

According to official data released today, the rate of price rise in the food basket was 2.99 per cent in August, up from 2.36 per cent in the previous month.

As per the Consumer Price Index (CPI) data released by the Ministry of Statistics & Programme Implementation, the CPI-based inflation was 3.69 per cent in August 2018.

However, the inflation number still remains within the Reserve Bank's comfort level.

The RBI mainly factors in CPI while arriving at its bi-monthly monetary policy. RBI has targeted to keep inflation below four per cent level. 



No Comments For This Post, Be first to write a Comment.
Leave a Comment
Name:
Email:
Comment:
Enter the code shown:


Can't read the image? click here to refresh

Todays Epaper

What do you think, TSRTC employees union demands are justified?

Yes
No
Can't say