NEW DELHI — Retail inflation in August inched up to 3.65 per cent, though vegetables and pulses witnessed price rise in double digits, according to official data released on Thursday. The retail inflation based on the Consumer Price Index (CPI), however, remained below the Reserve Bank’s median target of 4 per cent for the second month in a row. It was at a five-year low of 3.6 per cent in July. The headline inflation was 6.83 per cent in August 2023. “Year-on-year inflation rate (3.65 per cent) based on All India Consumer Price Index (CPI) for the month of August, 2024, is second lowest in the last five years,” National Statistical Office (NSO) said. According the data released by NSO, inflation in vegetables was 10.71 per cent and in ‘pulses and products’ at 13.6 per cent. The CPI was in negative in case of spices (-4.4 per cent) and ‘oils and fats’ (-0.86 per cent). The overall inflation in the food basket was at 5.66 per cent, marginally higher than 5.42 per cent in the preceding month. Also read: Trade Connect e-Platform to help achieve $1 trillion merchandise export target: Minister Food inflation for August 2024 is the second lowest...