Retail Inflation Data: Common persons are not getting aid from inflation. In August 2022, the retail inflation fee has reached 7 %, whereas in July the retail inflation fee was 6.71 %. Whereas in June it was 7.01 %. Whereas in May, 2022 it was 7.04 % and in April it was 7.79 %. Food inflation has elevated within the month of August. Food inflation has come right down to 7.62 %. Food inflation stood at 6.75 per cent in July and seven.75 per cent in June.

Food inflation rises in urban-rural areas
In the month of August, there was a bounce in meals inflation in each city and rural areas. Food inflation in city areas stood at 7.55 per cent as in opposition to 6.69 per cent in July. Whereas in August 2021, 3.28 % meals inflation was in city areas. At the identical time, the meals inflation fee in rural areas has been 7.60 %, which was 6.73 % in July. In August final yr, the meals inflation fee in rural areas was 3.08 %.

Will EMI be costly!
The retail inflation determine nonetheless stays above the higher restrict of 6 per cent of the RBI’s tolerance band. RBI’s Monetary Policy Committee assembly can be held from September 28 to 30. And on September 30, RBI will clear its stand on rates of interest. It is believed that RBI can once more enhance the repo fee by 1 / 4 %. Repo fee will be elevated from 5.40 % to five.65 %.

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