Data recap: Inflation, Nifty, KKR investment, and more

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Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. India’s retail inflation eased in August but continued to remain higher for rural areas for the second consecutive month. Meanwhile, Nifty 50 crossed the psychological mark of 20,000 this week.

India’s retail inflation eased to 6.83% in August, down from a 15-month high of 7.44% the previous month, due to correction in vegetable prices. However, it was still significantly higher than the Reserve Bank of India’s upper tolerance limit of 6.0% and, despite the moderation, food prices remained a pain point, especially in rural areas, where inflation was still 7.02% as against 6.59% in urban areas. This is the second straight month when rural inflation has come in higher than urban inflation.

After crossing the psychological-mark of 20,000 intraday on Monday, Nifty 50 closed above the level on Wednesday despite weak global cues and foreign portfolio investors selling assets worth ₹1,631.6 crore in the Indian markets. Softer-than-expected inflation and strong industrial production data released on Tuesday brought cheer to the domestic market, with analysts calling the rally broad based, Mint reported. However, worries over contraction in the UK economy and rising crude oil prices could weigh on the markets in coming days.