India's retail inflation falls to 6.83 pct in August

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India's retail inflation falls to 6.83 pct in August

STORY: India's retail inflation falls to 6.83 pct in August DATELINE: Sept. 13, 2023 LENGTH: 00:01:13 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of vegetables in markets STORYLINE: The retail inflation in India fell to 6.83 percent in August from 7.44 percent in July, official data showed on Tuesday. The fall was attributed to the reduction in prices of vegetables, particularly tomatoes in August, compared to the previous month. The retail inflation of 7.44 percent in July was the highest in the past 15 months. The price data were collected from selected 1,114 urban markets and 1,181 villages through personal visits by field staff of the Field Operations Division of the National Statistical Office (NSO) on a weekly roster. The retail inflation still remains above the tolerance limit of 2-6 percent of the South Asian country's central bank. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

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