Retail inflation surges to 8-month high of 4.8% in August
NEW DELHI: Retail inflation based on the consumer price index (CPI) hit an eight-month high of 4.8% (y-o-y) in Aug from 4.5% in July, driven largely by higher food prices, NSO (National Statistics Office) data released Monday showed.At current level it is above RBI‘s 4% target for the third consecutive month, although it remains within…