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Retail Inflation: There has been some relief on the inflation front in August. Retail inflation eased to 6.83 percent in August due to fall in prices of vegetables and other food items. According to official data released by the National Statistical Office (NSO) on Tuesday, consumer price index (CPI)-based inflation was 7.44 percent in July, compared to seven percent in August, 2022. According to the data, food inflation eased to 9.94 percent in August from 11.51 percent in July. The Reserve Bank of India (RBI) has projected retail inflation at 5.4 percent for 2023-24.
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