According to the Consumer Price Index based retail inflation data released by the National Statistical Office (NSO) recently on August 12, the retail inflation rate has come down to 3.54 percent in July 2024, while the retail inflation rate was 5.08 percent in June 2024. The special thing is that the retail inflation rate of food items has been 5.42 percent in July 2024. Whereas it was 9.36 percent in June. The comforting situation is that the retail inflation rate has reached the lowest level in the last 5 years, which is also below the target of 4 percent set by the Reserve Bank.

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