Retail Inflation Inches Up to 7 Percent in August 2022 From 6.71 Percent in July
The consumer price index-based inflation is above the Reserve Bank's tolerance band of 6% for the eighth month in a row.
India’s Retail inflation rose to 7 per cent in August from 6.71% in July, stalling a three-month downtrend on soaring food costs, adding pressure on the Reserve Bank of India to hike rates more aggressively to tame surging prices. The consumer price index-based inflation is above the Reserve Bank's comfort level of 6% for the eighth month in a row.
Check Tweet:
(SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user's social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.)