A 3-point rate gap
According to govt data, our retail inflation rate quickened to 7% year-on-year in Aug from 6.7% in July. No doubt, this is still modestly off the eight-year high of 7.79% hit in April, but this rate, a must-watch, has remained above the upper bound of the law-mandated 2-6% range for eight months in a row now
According to govt data, our retail inflation rate quickened to 7% year-on-year in Aug from 6.7% in July. No doubt, this is still modestly off the eight-year high of 7.79% hit in April, but this rate, a must-watch, has remained above the upper bound of the law-mandated 2-6% range for eight months in a row now