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Retail inflation edges down in August, led by a sharp drop in food inflation, especially for vegetables. CPI inflation fell to 5% in August from 6.1% in July due to a decline in food inflation to 5.9% from 8.4% the previous month. IIP contracted again in July, with a 2.4% decline driven by a 2.4% fall in manufacturing. Weakness was seen across industries, with capital goods declining 29.6%.

Author

Anirudh Kumar

Language

EN