August Retail Inflation

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Gasoline and gasoil sales by Indian state refiners in July fell from a month earlier as monsoon rains restricted mobility and construction work while high inflation curtailed overall demand for goods

Retail inflation for industrial workers eased to 4.79 per cent in August compared to 5.27% in July this year, mainly due to the lower price of certain food items.

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Retail inflation for farm workers and rural labourers cooled down to 6.32% and 6.28%, respectively, in August compared to the year ago period mainly due to the softening of prices of some food items

Food inflation during the month stood at 9.62 per cent

The next meeting of the MPC is scheduled on October 3-5, 2018