Retail inflation eases to 5.3% in August compared to 5.59% in July
NEW DELHI: Retail inflation based on consumer price index (CPI) for the month of August eased to 5.3 per cent as ag inst 5.59 per cent in July, data released by go nment showed on Monday.
The inflation numbers stayed within the Reserve Bank of India's (RBI) comfort zone for the second straight month.
In July, the inflation figure had eased after holding above 6 per cent for two months in a row, helped by improving supplies following the lifting of pandemic restrictions.
In the minutes of the latest monetary policy committee (MPC) meeting, the RBI had ned that India needs to continue monetary policy support for the economy while remaining watchful of inflationary pressures.
The MPC had cut its key rates by 115 basis points to revive growth since March last year and the RBI flushed the market with liquidity through conventional and unconventional tools since April last year along with other global central banks.
The RBI mainly factors in the retail inflation while arriving at its bi-monthly monetary policy.
Another burnol moment for Pappu, AKhilesh n Mamta who were planning to make this as an issue in the forthcoming ions.
It appears that andh bhakts are so much enamored with pappu that they bring this name in each and every discussion ?
The Frustrated Indian
The only narrative opposition had was inflation and now even that's under control. Let's wait now until Pappu brings up the topic of Chhota Bheem.
Control bro check your grocery bills last year and this year and compare them.Go nment is just fudging numbers
Congress has hired social media warrior who blames anybody pro nation as paid IT CELLS and bhakts....
this is clearly visible in comments
As the economy is getting recovered,The inflammation rate will also get decreased.
Inflation 6% and fixed deposit interest rate is 5%. On top of that, Interest is taxable... It means, if you deposit 100 rupee in the bank, after an year you will get 105 Rupees and based on you tax bracket, you may get 104 rupees. And the things you purchase today for 100 rupees will cost you 106 rupees next year. Effectively, you will be poorer by 2 rupees.. And Nirmji says, they are putting money in Middle class people's pocket ..
OM MULTI SALES
Agreed and a superb analysis. But please compare the same during UPA re gie. When inflation was in 2 digits nearly 12% and interest rates were 8-8.5%. Now you calculate how much a poor will be poorer. by...
Atleast they didn't cm we will sell petrol at 50 and there won't be any inflation.Bahut hui mehngai ki maar rest u know
If petrol/diesel prices come down, inflation will be reigned in without any effort. That will lead to consumption and demand which will lead to investments and employment.
I don't find anything cher in market, how inflation is eased
lower inflation means "lower increase of price" not "reduction of price".
inflation is an overall measure...it does not necessarily reflect the price movement of particular goods that you buy
Fake Fake Fake.. prices are sky rocketing. Govt has lost all control on hoarders.
Oil is massively hoarded, no action on distributors.
Right cooking mustard oil up from rs 80 last year to 200 this year waah modi ji
Fake values published by GOI
Imglation easimg ? What all is covered in the calculation of inflation ? Who calculates the numbers ? That is enought . The housewife in an average family will tell uou all about inflation .
All manipulated numbers....
Please imagine what would have been condition during pandemic if anyone was PM instead of Modi.Need not answee this question but think about it definitely.
As per inflation data, bank interests rates would have been near to 6% but RBI is slee