India's retail inflation likely rose to 20-month high of 4.9% in August: Mint poll
New Delhi, Sept. 11 -- India's retail inflation likely rose to a 20-month high of 4.9% in August, from 4.5% the previous month, on account of rising food prices amid deficient rainfall, while price risks from the West Asia war continue, showed a Mint poll of 21 economists.
This would be the third print above the Reserve Bank of India's (RBI's) medium-term target of 4.0% and the highest in the current 2024 Consumer Price Index (CPI) series. Considering back-series data for older months, though not strictly comparable, it would be the highest print since December 2024.
Economists polled by Mint projected CPI inflation in the range of 4.5-5.1%, with all but one expecting a rise in the print. The official data is scheduled to be released on...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.