Retail inflation decreases marginally to 3.15% in July

New Delhi: Retail inflation eased marginally in July to 3.15% over the previous month despite costlier food items, said a government data released on Tuesday. The retail inflation based on Consumer Price Index  was 3.18% in June and 4.17% in July 2018. As per the data released by the CSO, the inflation in the food basket was 2.36% in July, marginally up from 2.25% in the previous month. Retail inflation is well below the RBI’s comfort level. The government has asked the central bank to keep inflation in the range of 4%. PTI