Aug CPI inflation falls to 5-month low at 5.05%
India’s Consumer Price Index (CPI) inflation eased to a five-month low for the month of August to 5.05% year-on-year from 6.07% in July, reports said. This comes amid a sharp fall in food prices, which contribute about 50% to the inflation basket. Further, the Index of Industrial Production (IIP) stood at (-)2.4% for July, as compared to 1.95% in June.