A woman pushes a shopping trolley at a food superstore in Ahmedabad (Photo: Reuters)
cooled to an 11-month low of 3.69 per cent in August mainly due to a fall in prices of kitchen items, including fruits and vegetables, official data showed Wednesday.
was at 3.58 per cent in October 2017 and has remained above RBI's targeted rate of 4 per cent since then.
The Reserve Bank of India (RBI) will be considering this set of data for formulating its next bi-monthly monetary policy on October 5.
The central bank has been mandated to keep retail inflation
at 4 per cent level (with a margin of 2 per cent on either side)