India August consumer inflation likely hit 20-month high on food, fuel prices: Reuters poll
India faces an anticipated spike in consumer inflation, predicting a high not seen in 20 months this August. Rising food and fuel prices are at the forefront of this increase, as the trend of surpassing the Reserve Bank of India's inflation target continues for the third month. Additionally, global crude oil and cooking gas prices are contributing heavily. Experts forecast that annual consumer…
India's consumer inflation likely reached a 20-month peak in August, propelled by rising food and fuel prices, according to a Reuters poll of economists. Annual consumer price inflation, as measured by the Consumer Price Index (CPI), is expected to climb to 4.80% in August from 4.45% in July, the September 3 to 9 survey of 44 economists revealed. Forecasts for the upcoming data, scheduled for September 14, ranged between 4.40% and 5.05%.
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