Retail inflation breaches RBl's midpoint target for third successive month
New Delhi, Sept. 14 -- India's retail inflation rose to a 20-month high of 4.82% in August, driven by higher food and fuel prices, taking it above the Reserve Bank of India's (RBI's) 4% target midpoint for the third consecutive month since January 2025.
Inflation, as measured by the Consumer Price Index (CPI), was broadly in line with the median estimate of 4.9% from 21 economists polled by Mint.
Food inflation, a key constituent of the CPI, firmed up to 5.95% in the month from 5.52% in July, 5.32% in June, 4.78% in May and 4.20% in April, showed provisional data released by the ministry of statistics and programme implementation on Monday.
Although inflation remains within RBI's tolerance range of 2% to 6%, a further rise in prices ma...
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