Retail inflation may breach 6% in October amid rising food prices
Statistics Ministry will formally release the retail inflation data on November 12
Statistics Ministry will formally release the retail inflation data on November 12
Retail inflation reached 4.4% in July, the highest in the current series, while wholesale inflation was 9.8%, the second highest in the new series
India's retail inflation rose to 4.82% in August, pushing the rate above the Reserve Bank of India's 4% midpoint target for the third consecutive month. The surge, fueled by higher food and fuel prices, could lead the central bank to reassess its monetary stance.
India's food inflation climbed to 5.95% in August from 5.52% in July
India's wholesale price inflation in August edged close to a double‑digit rise, prompting concerns that the pace could accelerate in September. The Reserve Bank of India is closely monitoring the trend as it exceeds its retail inflation target range.
Economists surveyed by Mint project that India's consumer price index rose to a 20‑month high of about 4.9% in August, driven largely by food price pressures. The forecast places August inflation between 4.5% and 5.1%, edging close to the 5% mark.