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regular-article-logo Sunday, 13 October 2024

India's retail inflation at 3.65% in August, below RBI's 4% target: Govt data

Inflation in the food basket was 5.66% in August, marginally up from 5.42% in July

PTI New Delhi Published 12.09.24, 05:53 PM
Representational image.

Representational image. File picture.

Retail inflation marginally increased to 3.65 per cent in August and remained within the Reserve Bank's target of 4 per cent, the government data showed on Thursday.

The Consumer Price Index (CPI) based retail inflation was 3.6 per cent in July 2024 and 6.83 per cent in August 2023.

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Inflation in the food basket was 5.66 per cent in August, marginally up from 5.42 per cent in July, according to the data released by the National Statistical Office (NSO).

The inflation also was below 4 per cent in July.

The government has tasked the Reserve Bank of India (RBI) to ensure that the CPI inflation remains at 4 per cent with a margin of 2 per cent on either side.

Except for the headline, this story has not been edited by The Telegraph Online staff and has been published from a syndicated feed.

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