New Delhi. Big news has come out from the inflation front, due to which the ruling party is excited. Actually, a decline has been recorded in the inflation rate. In the last month of August, the inflation rate has come down to 6.83 percent. Earlier in July, the inflation figure had reached 7.44 percent, which was the highest in 15 months. At the same time, the inflation rate in June was 4.81 percent, but it is worth noting that the upper level of the tolerance band of RBI was 6 percent.
If we talk about region-wise inflation rate, the inflation rate in cities has come down from 7.20 percent to 6.59 percent, while in rural areas the inflation rate has come down from 7.63 percent to 7.02 percent. At the same time, a decline in food inflation was also seen. Note, last month in August the food rate had crossed 10 percent. At the same time, before this the food rate had come down to 9.94 percent. On the other hand, the inflation rate has reached 11.51 percent in July.
Retail inflation at 6.83% in August as compared to 7.44% in July 2023: Government of India
— ANI (@ANI) September 12, 2023
Let us tell you that the inflation rate of vegetables has reached 26.14 percent. Earlier in July, the inflation rate of vegetables was 37.4 percent. The inflation rate of pulses has come down to 13.04 percent. Earlier in July, the inflation rate of pulses was around 21.4 percent.
Month to month change (%) based on All India 𝐂𝐨𝐧𝐬𝐮𝐦✅𝐫 𝐏𝐫𝐢𝐜✅ 𝐈𝐧𝐝◆𝐱 (𝐂𝐏𝐈) and Consumer Food Price Index (CFPI) for the month of August 2023 #KnowYourStats #DataForDevelopment #CPI #Retailinflation pic.twitter.com/ySPkxXSHje
— PIB_MOSPI (@PibMospi) September 12, 2023
On the other hand, the inflation rate of milk and its related items has reached 73.33 percent, so in this way you can see that there has been a decline in the inflation rate of milk related items. At the same time, the inflation rate of Oil and Fats has been -15.28 percent which was – 16.80 percent in July.
