Retail inflation: India's retail inflation has increased slightly to 3.65 per cent in the month of August. Retail inflation based on the Consumer Price Index was 3.6 per cent in July 2024 while last year In August it was 6.83 per cent. These figures have been released today on September 12 by the National Statistics Office. The inflation figures for the month of August are still within the Reserve Bank of India (RBI) target of 4 per cent. The government has entrusted the responsibility of keeping the retail inflation at four per cent with a margin of two per cent to the Reserve Bank.

According to the Moneycontrol poll, the loose inflation in August is slightly higher than the average of 3.5 per cent. In the MC poll, economists had estimated a range of 3.2 - 4 per cent. The basic effect of a 6.8% increase in retail prices in August helped keep inflation under control. Was. The inflation in food items increased to 5.66 per cent in August from 5.42 per cent in July. This is the lowest after 4.55% in June 2023. Food inflation increased to 9.36% in June, 8.69% in May and 8.70% in April.

Food prices are still soft, but some vegetables are showing signs of revival. The CRISIL Thali Index released earlier this week has increased the prices of onion and potatoes. An increase was indicated. CRISIL had said, "Due to low revenue income, the retail prices of onion and potatoes per kg have increased. Rs. 15 and Rs. Increase of Rs 13 per kg, reduction in the price of both vegetarian and non-vegetarian thali limited. Get it."

During August, the prices of cereals, meat, fish, milk products, pulses, sugar and confectionery fell There was a decline compared to the previous month, while the prices of eggs, fruits and vegetables increased during the month. 4th grader. There was a decline in the prices of clothes during August as compared to the previous month, whereas during the month The prices of shoes had increased.

Talking about the states, Telangana (2.02%), Uttarakhand (2.37%) and Delhi (2.52%) had the lowest retail sales during August. Fugawao was recorded. However, Assam, Bihar, Haryana, Kerala, Odisha and Uttar Pradesh saw higher-than-average rainfall. Found, which means that in many states, loose emissions are still very high.

The Reserve Bank of India had estimated inflation to remain stable at 4.4 per cent in the fourth quarter. However, a figure of less than 4 per cent for two consecutive months represents a low level. According to most experts, India's inflation is likely to remain stable at 4.5 per cent in this financial year. India's net inflation is below 6% by September 2023. That is, this is the 13th consecutive month that retail inflation has been below the central bank's tolerance range of 2-6%. Redhead said.