Food prices may push inflation higher, but it will remain below RBI's upper tolerance band: Experts
New Delhi, Aug. 12 -- India's retail inflation is expected to rise from current levels in the coming months, driven mainly by food prices but it will likely remain below the Reserve Bank of India's (RBI) 6 per cent upper tolerance limit, as per analysts.
India's retail inflation rose to 4.45 per cent in July from 4.38 per cent in June, on the back of higher food prices, -- particularly onion, ginger and garlic, according to data released by the Ministry of Statistics and Programme Implementation on Wednesday.
Food inflation, measured by the Consumer Food Price Index (CFPI), increased to 5.52 per cent in July from 5.32 per cent in June, with rural food inflation at 5.79 per cent and urban food inflation at 5.05 per cent.
Vikram Chhabra,...
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