The CPI inflation has declined listed below the 6 per cent mark for second successive monthThe decrease in retail inflation to a four-month low and a pick-up in high-frequency indicators reflect the gathering momentum of the financial healing, finance minister Nirmala Sitharaman said in wake of the drop in retail inflation in August.

Retail inflation reduced marginally to 5.30 percent in August 2021 compared to 5.59 percent in July 2021, based on data launched by the Ministry of Data and Program Application on Monday.The reduction in retail inflation in August was primarily due to sharp reduction in food inflation, which fell to 3.11 percent in August 2021 from 3.96 per cent in July 2021.

There was a reduction in the costs of numerous foodstuff such as meat and fish, eggs and fruits, and pulses in the month of August.The Consumer Price Index (CPI) inflation has actually decreased below the 6 per cent mark for the second successive month.

This is in sharp contrast to May 2021, when the CPI increased steeply to 6.30 percent due to supply chain interruption emerging from second wave of the Coronavirus pandemic.

Both in Might and June, CPI was above the 6 percent mark.