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Business
12 Sep 2018

Retail inflation cools to 11-month low of 3.69% in August

Retail inflation cools to 11-month low

Retail inflation cooled to an 11-month low of 3.69% in August mainly due to fall in prices of kitchen items, including fruits and vegetables, official data showed.

The inflation based on Consumer Price Index stood at 4.17% in July and 3.28% in August 2017.

CPI inflation was at 3.58% in October 2017 and remained above RBI's targeted rate of 4% since then.

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In context

Retail inflation cools to 11-month low

RBI mandated to keep retail inflation at 4% level

The Reserve Bank of India (RBI) will be considering this set of data for formulating its next bi-monthly monetary policy on October 5. The central bank has been mandated to keep retail inflation at 4% level (with a margin of 2% on either side).

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