HomeNewsBusinessEconomyFrom food to services: Here’s what drove consumer prices in August

From food to services: Here’s what drove consumer prices in August

Pulses inflation has remained in double digits for fifteen straight months

September 12, 2024 / 21:03 IST
Story continues below Advertisement
Food inflation rose in August
Food inflation rose in August

Consumer inflation accelerated faster than expected to 3.7 percent in August from 3.6 percent in the previous month as food inflation quickened to 5.66 percent. However, inflation remained below 4 percent, the midpoint of RBI's 2-6 percent inflation target range, for the second straight month. Although pulses inflation eased to 10.7 percent in July from 13.6 percent, it remained in double digits for a 15th consecutive month. Vegetable inflation climbed to double digits after slowing to 6.8 percent in July. Moneycontrol takes a look at what’s driving inflation in four charts:

Inflation rose slightly in August

Story continues below Advertisement

With food inflation contributing to rising prices