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August inflation eases to 7.8 pc
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SME Times News Bureau | 13 Sep, 2014
Country's retail inflation based on Consumer Price Index (CPI) slowed down to 7.8 percent in August from 7.96 percent in the previous month, helped by slower increases in fuel, light and clothes prices, government data showed in New Delhi on Friday.
The CPI urban inflation stood at 7.04 percent in August, while CPI rural inflation was at 8.35 percent.
Retail food inflation rose to 9.42 percent in August compared to 9.36 percent in July.
For rural areas, retail food inflation was recorded at 9.83 percent, while for urban areas it stood at 8.40 percent, according to data released by the Central Statistics Office (CSO).
Commenting on the retail inflation figures, Chandrajit Banerjee, Director General, CII said The good news from today's data is the moderation in consumer price inflation as indicated by the decline in consumer price index to 7.8 percent in August as against 7.96 percent in July.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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