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Retail inflation at 6.69% in August, marginally down from 6.73% in July – enterprise information

India’s shopper inflation in August remained at 6.69%, barely decrease than 6.73% recorded within the earlier month, in accordance with authorities knowledge launched on Monday.

The patron value index (CPI)-based inflation charge for July has been revised to six.73% from 6.93%. Meals inflation in the course of the month stood at 9.62%.

In accordance with the CPI knowledge, meals inflation in August fell marginally to 9.05%.

The retail inflation, which is taken under consideration by the Reserve Financial institution Of India (RBI) to reach at its coverage choices, has been above the regulator’s vary of four% to six%.

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