India’s Retail Inflation rises to 3.65% in August

India’s retail inflation rose to 3.65 percent in August, slightly higher than the 3.6 percent reported in July this year. According to data released yesterday, the Ministry of Statistics and Programme Implementation (MoSPI) highlighted that this is the second-lowest retail inflation in the past five years.

The inflation rate was within the Reserve Bank of India’s



tolerance band of 2-6 percent. Meanwhile, the food inflation rate for August 2024, based on the All India Consumer Food Price Index (CFPI), is provisionally reported at 5.66 percent, making it the second-lowest since June 2023. Several subgroups, including spices, meat and fish, and pulses and products, have experienced a decrease in inflation.