INSUBCONTINENT EXCLUSIVE:
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.
