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- India’s Consumer Price Index (CPI)-based retail inflation rises to 3.65 per cent in August from 3.6 per cent in July.
- RBI’s retail inflation target is 4 per cent for the medium term.
- The Index of Industrial Production (IIP) also rises slightly to 4.83 per cent in July from 4.72 per cent in June.
- National Statistical Office (NSO) also revealed a rise in food inflation, which increased to 5.66 per cent in August from 5.42 per cent in July.
- The prices of cereals (7.31 per cent) and protein-rich items like milk (2.98 per cent), meat & fish (4.30 per cent) decelerated.
- The prices of fuel (-5.31 per cent) contracted during the month.
- As per the NSO, eight of the 23 manufacturing sectors in the IIP contracted in July.
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