
Inflation: Retail inflation declined to 6.83 percent in August, RBI made this estimate for 2023-24...
Due to softening of food prices, retail inflation declined to 6.83 percent in August as compared to July.

Due to softening of food prices, retail inflation declined to 6.83 percent in August as compared to July.

The Central Government is all set to increase the rates of 'Dearness Allowance' for its employees and 'Dearness Relief' for pensioners.

These figures of retail inflation have been released by the government on the basis of data collected from 1114 urban and 1181 rural markets.

The country's economy has grown at the rate of 13.5 percent in the first quarter (April-June) of the current financial year.

Inflation in food articles declined to 7.97 percent in May 2022 from 8.31 percent in the previous month.

The growth rate in the fourth quarter was 4 percent.