Retail inflation inched up marginally to 3.65 percent in August, within the Reserve Bank of India's target of 4 percent, official data released on Thursday showed. The Consumer Price Index (CPI)-based retail inflation stood at 3.6 percent in July 2024 and 6.83 percent in August.

Inflation in food items stood at 5.66 percent in August, up from 5.42 percent in July, according to the Office for National Statistics. Inflation had remained below 4 percent in July.

The government has mandated the Reserve Bank of India to keep CPI inflation at 4 percent with a tolerance band of 2 percent on either side.

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(With PTI's Input)