Retail inflation inches up marginally to 3.21 pc in August

Retail inflation inched up marginally to 3.21 per cent in August this year from 3.15 per cent in July, mainly due to costlier food items.

According to official data released today, the rate of price rise in the food basket was 2.99 per cent in August, up from 2.36 per cent in the previous month.

As per the Consumer Price Index (CPI) data released by the Ministry of



Statistics & Programme Implementation, the CPI-based inflation was 3.69 per cent in August 2018.

However, the inflation number still remains within the Reserve Bank's comfort level.

The RBI mainly factors in CPI while arriving at its bi-monthly monetary policy. RBI has targeted to keep inflation below four per cent level.