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Retail inflation cools to 11-month low of 3.69% in August



(MENAFN - NewsBytes)

Retail inflation cools to 11-month low of 3.69% in August
12 Sep 2018


Retail inflation cooled to an 11-month low of 3.69% in August mainly due to fall in prices of kitchen items, including fruits and vegetables, official data showed.

The inflation based on Consumer Price Index stood at 4.17% in July and 3.28% in August 2017.

CPI inflation was at 3.58% in October 2017 and remained above RBI's targeted rate of 4% since then.

Here's more.


RBI mandated to keep retail inflation at 4% level
Fact


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% level (with a margin of 2% on either side).

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Retail inflation cools to 11-month low of 3.69% in August

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