India s retail inflation eases to 7.8 in August from 7.96 in July

India-s Retail inflation, measured by Consumer Price Index, eased marginally to 7.8% in August compared to 7.96% in July. This is much lower compared to Retail inflation of 9.52% in the same month last year. Consumer food price inflation, under a new series published by the government, jumped to 9.42% in August from 7.36% in July.

The steep increase in retail inflation for July was mainly due to increase in fruits and vegetable prices, which rose 24.27% and 15.15% respectively in August compared to 22.48% and 16.88% respectively in the previous month. The urban inflation stood at 7.04% in August compared to 7.42% in July while in rural areas retail inflation stood at 8.25% in August compared to 8.27% in July.