August inflation seen moderating to 15.3%

Nigeria's headline inflation is estimated to have eased to 15.3 percent in August, marking a third consecutive monthly decline, according to BusinessDay Nigeria.

In contrast, India's retail inflation accelerated to 4.8% in August, its highest level since the introduction of the revised Consumer Price Index series in January, driven by higher food prices. Wholesale inflation also climbed to 9.9% year-on-year in August, due to higher inflation in fuel and power and manufactured products, as reported by The Economic Times - Economy.

Food inflation in India jumped to 6% in August, compared to 5.5% in July, with rural inflation at 5.2%, up from 4.8% in July, and urban inflation at 4.3%, up from 4%, according to Times of India. The Reserve Bank of India's Monetary Policy Committee is next scheduled to meet on October 5-7.

Brief written by urgent.news from BusinessDay Nigeria, The Economic Times - Economy, Times of India — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.