Retail inflation cools to 11-month low of 3.69 per cent in August
Team Udayavani, Sep 13, 2018, 8:40 AM IST
New Delhi: Retail inflation cooled to an 11-month low of 3.69 per cent in August mainly due to a fall in prices of kitchen items, including fruits and vegetables, official data showed on Wednesday.
The inflation based on Consumer Price Index (CPI) stood at 4.17 per cent in July and 3.28 per cent in August 2017. CPI inflation was at 3.58 per cent in October 2017 and has remained above RBI’s targeted rate of 4 per cent since then.
The Reserve Bank of India (RBI) will be considering this set of data for formulating its next bi-monthly monetary policy on October 5. The central bank has been mandated to keep retail inflation at 4 per cent level (with a margin of 2 per cent on either side).
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Nine Adani Group firms trade higher; Adani Total soars nearly 19 pc
Equity markets rise in early trade amid buying in HDFC Bank, SBI
Sensex rises by 230 points on gains in Adani stocks, select blue-chips
Infosys to dish out average performance bonus of 90% for Q2
Gautam Adani, nephew Sagar not charged with bribery, but with fraud: Adani Green clarifies amid US DoJ indictment
MUST WATCH
Latest Additions
CM Vijayan opens Huddle Global; Says Kerala will be key player in India’s deep tech ambitions
Bengaluru to host Aero India 2025 from Feb 10-14
Karnataka cabinet decides to reopen graft case against Ex-CM Yediyurappa and family
Man attacks nurse inside hospital, caught on camera
Special tribute concert for legendary singer SPB to be held in Bengaluru on Dec 8
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.