Retail inflation in india: There has been a slight increase in inflation figures in the country. According to the data of inflation from the consumer price index, where inflation was 1.61 percent in July, it has now increased to 2.07 percent in August. This slight increase in inflation has been caused by increasing green vegetables, fish, oil, egg, eating oil and other everyday things.
Food inflation declines
However, food inflation remains at -0.69 percent in negative for the third consecutive month. However, it has definitely increased somewhat compared to the month of July, when it fell to -1.76 percent. If we talk about rural areas, then over all inflation has increased to 1.69 percent as compared to 1.18 percent of a month ago. With this, there has been some improvement in food inflation across the country and it has increased from -74 percent to -0.70 percent.
Inflation data in urban areas saw a rise in the month of August and it has increased to 2.47 percent in August to 2.47 percent. But in cities too, food inflation has fallen to 0.58 percent against the last month -1.90 percent.
Housing price also declines
Different trends of different sectors have emerged. The housing price has come down to 3.09 percent in August against the 3.17 percent of the month of July. Similarly, education expenses have come down to 3.60 percent in August compared to 4.11 percent a month ago. While health inflation has also come down from 4.57 percent to 4.40 percent.
However, despite a slight increase in retail inflation in August, it remains at a much lower level compared to recent years. In addition, the estimated target of RBI is between 2-6 percent.
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