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India Business News: RBI governor Shaktikanta Das has said there will be a slowdown in vegetable inflation from September, with the July spike correcting in August, led by
Vegetable rates may ease from September, led by tomato prices, which have started showing signs of correction on the back of increased supply, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday. Looking ahead, the spike in vegetable prices in July is starting to see a correction, led by tomato prices. New arrivals of tomatoes in mandis are already softening the prices, coupled with proactive supply management in the case of onions.
Retail inflation or CPI rose to a 15-month high of 7.44 per cent in July from 4.81 per cent in June. The government has mandated the central bank with keeping CPI at 4 per cent, with a comfort band of +/- 2 per cent.