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India’s inflation rises to 2.07% in August, in line with expectations
After easing for nine straight months, India’s consumer inflation in August rose to 2.07%, in line with analyst estimates, data from the government showed Friday. Median estimates by economists polled by Reuters had pegged the year-on-year headline inflation rate at 2.1% after price growth in July hit 1.55% — the lowest since June 2017 — on the back of declining food inflation. Despite the August uptick, India’s inflation is hovering close to the Reserve Bank of India’s target inflation band of 2% to 6%. The central bank last month forecast CPI growth of 3.1% for the fiscal year ending March 2026. Benign ... (full story)
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