Retail inflation shoots up to 15-month high of 7.44 pc, breaches RBI’s upper tolerance band
New Delhi, August 14 (UNI) India’s retail inflation measured by consumer price index (CPI) shot up to 7.44% year-on-year in July 2023 driven primarily by high food prices. Retail inflation print was 4.87% in June this year. The latest inflation number is way above Reserve Bank of India’s (RBI) upper tolerance band of 6%. The…