India August Inflation Hits 20-Month High
India's consumer inflation likely rose to a 20-month high in August driven by higher food and fuel prices. Annual consumer price inflation was forecast to reach 4.80 percent.
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India's consumer price inflation likely rose to 4.80% in August from 4.45% in July, reaching a 20-month high driven by food and fuel costs. The reading marks the third consecutive month above the central bank's 4% medium-term target. Economists surveyed by Reuters expect the data to underscore persistent price pressures across the domestic market.
