New Delhi, Sept. 15 -- Retail inflation, as measured by the consumer price index, has been declining for months. In August, it was a comfortable 2.07%. Mint looks at the factors that contributed to the decline in prices, how sustainable they are and factors that can play spoilsport. In other words, has India finally tamed inflation?

What does retail inflation look like?

Retail inflation broke the nine-month declining trend in August to touch 2.07% as against the revised print of 1.61% in July. At the present level, it is at the lower end of the Reserve Bank of India's (RBI) comfort zone of 6% to 2%. In October last year, retail inflation stood at 6.21%.

What has caused prices to fall?

It is mainly due to the fall in prices of vegetabl...