Inflation comes down; stands at 3.69 per cent

India’s consumer inflation went down and stood at 3.69 per cent during August 2018 against 4.17 per cent in July this year, the government said on Wednesday.

The retail inflation was 3.28 per cent in the same month last year, according to the data released by the Central Statistics Office of the Statistics and Programme Implementation Ministry here.

However, the food inflation came at 0.29 per cent in August from 1.30 per cent in July this year. In August last year, the food inflation was 1.52 per cent.

Meanwhile, the industrial production registered a growth of 6.6 per cent in July this year.

The data came at a time when the rupee has hit a record low amid weakness in emerging market peers and the domestic equity markets are struggling with fund outflows. Besides, a continued surge in crude oil prices has fuelled concerns on the current account deficit front among investors.

 

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