Question
According to the data released by the National
Statistical Office (NSO), what was the retail inflation rate in August 2023, following a decrease from the previous month?Solution
According to the data released by the National Statistical Office (NSO) ,the consumer price index (CPI)-based retail inflation eased to 6.83 per cent in August, from a 15 month high of 7.44 per cent in July, on account of moderation in the rate of price increase for vegetables, clothing & footwear, housing and services.
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