Retail inflation surges up to 7% in August 2022: According to the new data, the Retail inflation has been increased up to 7% in August 2022 from 6.71% in July 2022.
Reason: Due to higher food prices.
September 2022 Current Affairs Quiz
The consumer price index (CPI)-based inflation is above the Reserve Bank’s decided level of 6% for the eighth month in a row. The inflation in food basket was 7.62% in August 2022, was up from 6.69% in July and 3.11% in August 2021. RBI has maintained its inflation forecast for 2022-23 at 6.7%.