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Showing posts from September, 2022

India's Retail Inflation and Unemployment Rate - CMIE Data - August 2022

  India's Retail Inflation and Unemployment Rate - CMIE Data - August 2022 In the month of this year, the country's CPI(Consumer Price Index) - Retail inflation is said to be 7 Percent. While the Retail inflation rate has been decreasing continuously from Last April 2022 which was 7.79 Percent. However, the inflation rate in August has again increased as compared to July 2022.  The said above inflation was slightly higher than the Market expectations. The Food inflation rate rose to 7.62 Percent in the month of August from 6.75 Percent in July 2022. Meat and Fish products were increased by 206 Percent, Oil & Fat by 192 Percent and Spices by 194 Percent. The rise in prices of Vegetables and Fruits also contributed to the rise in inflation in the month of August. However, Fuel prices have moderated slightly. The inflation rate of Fuel and Light has declined to 10.78 Percent in August from 11.8 Percent in July. Based on CPI - Retail Inflation in India, Food alone contributes ...