CPI Inflation Retreated To A Four Month-Low Of 5.3% In August: CARE Ratings
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CARE Ratings Research Report
India’s headline inflation as measured by the consumer price index retreated to a four month-low of 5.3% in August 2021 from 5.59% in the previous month.
This inflation reading is lower than our projection of 5.6%.
Retail inflation inched up by 0.25% on a month-on-month basis. The inflation reading for the current month comes over a high base of 6.69% in August 2020.
Inflationary pressures in the economy have been cooling after recording a notable increase to 6.3% in May 2021 breaching the upper band of Reserve Bank of India’s flexible inflation target range of 2%-6%.
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