Retail inflation rises to 7 pct in India

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Retail inflation rises to 7 pct in India

STORY: Retail inflation rises to 7 pct in India DATELINE: Sept. 13, 2022 LENGTH: 00:01:27 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of wheat, rice and pulses 3. various of market for food products 4. various of traffic STORYLINE: According to government data released on Monday, the rate of retail inflation in India rose to 7 percent during August, compared with 6.71 percent in July. The main reason for the rise in inflation was the rising prices of basic food items, including wheat, rice and pulses. The rate of retail inflation stood at 5.30 percent in August 2021. According to local media, retail inflation was above the central bank's comfort level of 6 percent for the eighth month in a row. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

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