India's retail inflation eases to 3.65 pct in August in comparison to 6.83 pct registered a year ago

India's retail inflation in August touched 3.65 percent as compared to 6.83 percent which was recorded during the same period last year.

IBNS • 12 Sept 2024, 02:35 pm

India's retail inflation eases to 3.65 pct in August in comparison to 6.83 pct registered a year ago

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"Year-on-year inflation rate (3.65%) based on All India Consumer Price Index (CPI) for the month of August, 2024, is second lowest in the last five years. Corresponding inflation rates for rural and urban are4.16%and3.14%, respectively," read a government statement.

Decline in inflation is observed in the subgroups of ‘Spices’, ‘Meat and Fish’ and ‘Pulses and products’ etc.

Food inflation for August 2024 is the second lowest since June, 2023. Year-on-year inflation rate based on All India Consumer Food Price Index (CFPI) number is 5.66% (Provisional) for the month of August, 2024.

The corresponding inflation rate for rural and urban is 6.02% and 4.99%, respectively.

At item level, ‘tomato’ has exhibited the lowest year on year inflation (-47.91%) as well as lowest MoM change in index (-28.8%).