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After declining for three months, retail inflation rose to 7 per cent in August due to higher food prices.
”Only a few days ago, the Honourable FM said that inflation was not a ‘red-lettered priority’ for her. India’s retail inflation surged to 7 per cent yesterday. Food inflation is 7.62 per cent,” Chidambaram said in a tweet.
”If the Honourable FM doesn’t see ‘red’ even now, we can only conclude that she does not represent the average family in India,” the former finance minister said.
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According to data released by the National Statistical Office (NSO) on Monday, the inflation in food basket was 7.62 per cent in August, up from 6.69 per cent in July and 3.11 per cent in August 2021.