Lower food prices eased India's August retail inflation to 3.69 per cent from 4.17 per cent in July, as per official data.
However, on a year-on-year (YoY) basis, the Consumer Price Index (CPI) in August 2018 was higher than in the corresponding period last year when it stood at 3.28 per cent.
According to the data furnished by the Central Statistics Office (CSO), the Consumer Food Price Index (CFPI) rose 0.29 per cent in August from 1.30 per cent in July 2018.
In contrast, deflation in the cost of vegetables, Pulses and Sugar capped the overall food prices. On a sub-category basis, vegetables' prices reduced on YoY basis in August became by -7 per cent.
On the other hand, the category of Pulses and products became cheaper by -7.76 per cent and that of Sugar and confectionery by -5.45 per cent.
The sub-category of food and beverages during the month under consideration recorded a rise of 0.85 per cent over the same period last year.