Retail inflation dips to 5.3% in August
The Hindu
The Reserve Bank had kept the key interest rate unchanged in its monetary policy review in August
Retail inflation fell marginally to 5.3% in August mainly due to easing food prices, official data showed on Monday. The retail inflation based on the Consumer Price Index (CPI) was 5.59% in July and 6.69% in August 2020. As per the data released by the National Statistical Office (NSO), inflation in the food basket was 3.11% in August compared to 3.96% in the preceding month.
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