As per the data released by the National Statistical Office (NSO), inflation in the food basket was 3.11% in August compared to 3.96% in the preceding month.
According to the data released by the National Statistical Office, inflation in the food basket slowed down to 3.96% in July from 5.15% in the previous month
Edible oils have seen a sharp rise in prices in last 6 months despite govt efforts to cool off rates by reducing high tax levies. June fuel inflation was 12.68%, while edible oil inflation was at 34.78%.
The Centre has asked the RBI to keep retail inflation at 4% with a margin of 2% on either side. The Consumer Price Index remained above the RBI's comfort level for the 2nd month in a row.
Rise in maize and soybean prices internationally is making chicken, fish, and eggs expensive in India, which uses products derived from these grains as feed.
Centre has asked the RBI to keep the retail inflation at 4% with a margin of 2% on either side. The central bank had left the key interest rate unchanged earlier this month.
The rate of price rise in the food basket accelerated to 4.94% in March. Meanwhile, manufacturing sector output declined by 3.7% and mining output slipped 5.5% in February.
The rate of price rise in the food basket accelerated to 3.87% in February, as against 1.89% in the preceding month, as per data released by the National Statistical Office.
The rate of price rise in food basket was 1.89% in January this year, significantly down from 3.41% in December, according to data released by the National Statistical Office.
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