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Retail inflation inches up to 7 per cent in Aug on costlier food items

NewsDrum Desk

12 Sep 2022 00:00 IST

Updated On 12 Sep 2022 05:30 IST

New Update

New Delhi: Retail inflation inched up to 7 per cent in August from 6.71 per cent in July mainly due to higher food prices, government data showed on Monday.

The consumer price index-based inflation is above the Reserve Bank's comfort level of 6 per cent for the eighth month in a row.

According to the data, inflation in food basket was 7.62 per cent in August, up from 6.69 per cent in July and 3.11 per cent in August 2021.

Reserve Bank of India inflation Retail inflation food prices food items consumer price food inflation food item prices consumer prices index food basket