India's retail inflation rises to 7% in August as compared to 6.71% in July due to higher food prices

Retail inflation has spiked 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 the 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.

Year on year rate of based on All India and Consumer Food Price Index CFPI for the month of August 2022 KnowYourStats DataForDevelopment CPI Retailinflation pic.twitter.com/DSyfJnslHM

 Ministry of Statistics  Programme Implementation GoIStats September 12, 2022

In June, retail inflation had stood at 7.01 per cent while in July, it had fallen marginally to 6.71 per cent. Now in August it has again risen to 7 per cent due to rise in prices of vegetables, cereal, milk, clothing, footwear, and housing.

In June, retail inflation had stood at 7.01 per cent while in July, it had fallen marginally to 6.71 per cent. Now in August it has again risen to 7 per cent due to rise in prices of vegetables, cereal, milk, clothing, footwear, and housing.

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