Retail inflation eases to 6.83% in August amid falling food prices

The retail inflation for August dipped to 6.83% from 7.44% in July owing to reduction in prices of vegetables, data released by government showed.However, the inflation is still above the Reserve Bank of India's comfort zone threshold of 6%.In July, the inflation had skyrocketed after a sharp prices in prices of food, especially tomatoes, across the country.

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