Delhi's overall inflation was less than half of the national number, which came in at 6.83 per cent in August, slightly lower from 7.44 per cent in July but still above the central bank's tolerance level of 2-6 per cent.
According to Suresh Narayanan, Chairman and Managing Director of food & beverages major Nestle India, the menace of food inflation remains a concern even after two years of high inflationary cycle.
The finance ministry said that the core inflation calculated by excluding food and fuel was recorded at 5.9 percent in August 2022, remaining below the tolerance limit of 6 percent for the fourth consecutive month. It further said that prices of major inputs like iron ore and steel have sobered in the global markets.
Retail inflation jumps again: This is the eighth straight month when the inflation number has been above the Reserve Bank of India's (RBI's) upper range of 6 percent.
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