CPI slightly dips at 5.30 percent for August, in comparison with 5.59 percent in July

CPI for August 2021 got here at 5.30 percent, in comparison with 5.59 percent in July, as meals expenses cooled further, particularly withinside the case of vegetable inflation, facts launched by the National Statistical Office (NSO) confirmed on September 13.

Consumer Price Index-based Inflation (CPI) is a complete measure used for the estimation of price changes in a basket of goods and offerings, representative of consumption expenditure in an economy.

CPI for August 2021 got here at 5.30 percent, in comparison with 5.59 percent in July, as meals expenses cooled further, particularly withinside the case of vegetable inflation, facts launched by the National Statistical Office (NSO) confirmed on September 13.

Consumer Food Price Inflation (CFPI) for August stood at 3.11 percent in comparison to 3.96 percentage in July. However, the issues remained with excessive edible oil prices, which registered a growth of 33 percent year-on-year (YoY).

CPI for July had come lower back in the Monetary Policy Committee’s inflation focused on a variety of 4 (+/-2) percent, after months of being above 6 percent. It was 6.30 percent in May, as meals expenses had hardened, and transportation charges rose because of higher petrol and diesel expenses and localized lockdowns. However, the retail inflation had cooled barely to 6.26 percent in June.

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