Why in news Food price volatility remains a contingent risk though Consumer Price Index (CPI) inflation came in below the Reserve Bank’s...
Why in news
Food price volatility remains a contingent risk though Consumer Price Index (CPI) inflation came in below the Reserve Bank’s target for the second consecutive month in August
Food inflation (y-o-y) firmed to 5.3% in August from 5.1% in July as a negative momentum of 30 bps [basis points] was more than offset by an unfavourable base effect of 52 bps
In the August data, inflation in eggs, fruits, vegetables and non-alcoholic beverages picked up while it softened in cereals, meat and fish, pulses, and sugar
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