Retail inflation eases further to 5.3% in August

Inflation further eased to 5.3 per cent after dropping to 5.59 per cent in July.

This will be the second-consecutive month that the inflation will be between 4 and 6 per cent, which is the RBI’s tolerance band. Food prices fell by 3.11 per cent this month, causing the drop in inflation.

After the pandemic hit, the global economy is now reopening and demand is recovering. This has driven up commodity prices globally.


The governor of RBI Shaktikanta Das has said that the central bank will target inflation in 2-6% range and seek to gradually move towards achieving the 4 per cent target over a period of time,

Easing retail inflation will help the RBI to keep rates benign and focus on improving growth as the economy charts a much needed recovery from the pandemic lows.

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook


We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Education News Click Here 

 For the latest news and updates, follow us on Google News


Read original article here

Denial of responsibility! is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.