Page 2 - August Inflation News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The overall index declined sequentially for the first time in eight months in August. The overall index was down 0.1% on month in August.Core inflation, which is inflation excluding volatile food and fuel, fell to 4.8% in August from 4.9% a month ago. This is the lowest level for core inflation in over three years. In other words, core inflation is the lowest since the pandemic. Core services inflation has remained moderate at 4.5% in August, despite the evidence of strong service sector activities.

Retail inflation for farm workers and rural labourers in India slightly decreased in August compared to the previous month. The consumer price index for agricultural labourers (CPI-AL) stood at 7.37% in August 2023, down from 7.43% in July 2023. Similarly, the consumer price index for rural labourers (CPI-RL) was 7.12% in August, compared to 7.26% in July.

The number of housing starts fell in August, an indication of the challenges facing the housing market.

In Tuesday’s session, the USD/ZAR faced some selling pressure and declined to 18.933, down by 0.25%, and seems to be on its way to retest the 20-day

India's wholesale inflation has now spent five months in a row in the negative territory