Retail inflation eases to 3.69% in August from 4.17% in July

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New Delhi:

Consumer inflation cooled to 3.69 per cent in August, from 4.17 per cent in the previous month, mainly due to a fall in prices of kitchen items, including fruits and vegetables, government data showed on Wednesday.

The inflation based on Consumer Price Index (CPI) stood at 4.17 per cent in July. The CPI inflation stood at 3.58 per cent in October 2017 and has remained above the Reserve Bank of India (RBI) targeted rate of four per cent since then.

The data will be considered by the RBI for formulating its next bi-monthly monetary policy on October 5. The RBI has been mandated to keep retail inflation at four per cent level (with a margin of 2% on either side).

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