Retail inflation Rises Back Up To 7% In August

Tuesday, 13 September 2022newsdesk

Retail inflation rose to 7 per cent in August, stalling a three-month downtrend on soaring food costs, pressuring the Reserve Bank of India to hike rates more aggressively to tame surging prices even at the cost of the economy.

New Delhi, 13 September 2022

As per news report of NDTV, that shows inflation has remained above RBI's 2-6 per cent tolerance band in each month this year. Data released by the National Statistics office showed, consumer price index-based inflation (CPI) in August was higher than a Reuters survey of economists, rising to 7.0 per cent from a year ago, compared to the 6.9 per cent forecast, and above July's 6.71 per cent.

Source - NDTV