India's Retail Inflation Hits 8-Month High at 4.8% in August
India's retail inflation rose to 4.8% in August, marking an eight-month high according to government data. The increase signals a renewed uptick in consumer prices after a period of relative moderation. Retail inflation is measured by the Consumer Price Index (CPI), which tracks the cost of everyday goods and services. A rise to this level could influence monetary policy decisions by the Reserve Bank of India in the coming months.
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