Retail inflation declines to 6.83 pc in August on falling food prices

New Delhi, September 12

Retail inflation declined to 6.83 percent in August compared to July, mainly due to easing food prices, according to official data.

The Consumer Price Index (CPI) based inflation was at 7.44 percent in July and at 7 percent in August 2022, as per the data released by the National Statistical Office (NSO) on Tuesday.

Food inflation eased to 9.94 percent in August from 11.51 percent in July.

The Reserve Bank of India (RBI) has projected the CPI inflation at 5.4 percent for 2023-24.

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