Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.


Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence


Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

India's August Retail Inflation Rises to 3.21% As Food Items Get Costlier

The rate of price rise in the food basket was 2.99 percent in August, up from 2.36 percent in the previous month, as per the Consumer Price Index (CPI) data released by the Ministry of Statistics & Programme Implementation.


Updated:September 12, 2019, 6:37 PM IST
India's August Retail Inflation Rises to 3.21% As Food Items Get Costlier
Image for representation. (Photo: Reuters)

New Delhi: Retail inflation inched up to a 10-month high of 3.21 percent in August mainly due to higher prices of food items like meat and fish, vegetables and pulses, government data showed on Thursday.

However, retail inflation is still within the Reserve Bank's target range, thus keeping hopes of another rate cut alive.

Inflation based on the Consumer Price Index (CPI) stood at 3.15 percent in July and 3.69 percent in August 2018. The previous high was 3.38 percent in October 2018.

Inflation in the food basket was 2.99 percent, up from 2.36 percent in July. The August data released by the National Statistics Office in the Ministry of Statistics and Programme Implementation also provided details of inflation in segments like 'health', 'recreation and amusement' and 'personal care and effects'.

The retail inflation in health was 7.84 percent, recreation and amusement 5.54 percent and personal care and effects 6.38 percent.

Price rise in the 'education' segment was recorded at 6.10 percent in August.

Inflation in meat and fish basket was 8.51 percent, pulses and products 6.94 percent and vegetables 6.9 percent.

The RBI, which mainly factors in CPI for arriving at its bi-monthly monetary policy, has been mandated by the government to ensure that inflation remains at 4 percent, with deviation of 2 percent on either side.

The central bank, which has already reduced the key policy rate four times in the current calendar year, is scheduled to announce its next bi-monthly monetary policy on October 4.

The data also revealed that highest rate of inflation was witnessed in Assam at 5.79 per cent, followed by Karnataka (5.47 per cent) and Uttrakhand (5.28 per cent).

Interestingly, inflation was in the negative zone at (-) 0.42 percent in Chandigarh. Inflation in rural areas of the country was at 2.18 percent and 4.49 percent in the urban areas in August.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

Also Watch

Most Active
Company Price Change %Gain
Yes Bank 68.55 0.88
Maruti Suzuki 6,450.30 0.91
Tata Motors 129.55 1.25
HDFC Bank 2,257.45 -0.59
Axis Bank 674.25 1.71
Company Price Change %Gain
IEX 118.10 -9.71
Yes Bank 68.60 0.96
Reliance 1,225.55 1.26
Tata Motors 129.55 1.25
Maruti Suzuki 6,449.80 0.91
Top Gainers
Company Price Change %Gain
BPCL 408.55 6.34
IOC 130.10 4.58
Titan Company 1,123.40 3.43
GAIL 129.25 2.78
ICICI Bank 413.40 2.66
Company Price Change %Gain
Vedanta 149.20 2.72
ICICI Bank 413.25 2.61
ONGC 128.80 2.34
Kotak Mahindra 1,483.55 1.79
Axis Bank 674.35 1.74
Top Losers
Company Price Change %Gain
Bharti Airtel 343.05 -1.29
Dr Reddys Labs 2,731.55 -1.28
Sun Pharma 422.85 -1.16
HDFC Bank 2,257.45 -0.59
ITC 239.90 -0.35
Company Price Change %Gain
Bharti Airtel 342.75 -1.35
Sun Pharma 423.25 -1.04
HDFC Bank 2,256.25 -0.62
ITC 239.95 -0.35
HUL 1,804.80 -0.10

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results