India Inflation Rises to 4.82 Percent in August
India's annual retail inflation accelerated to 4.82 percent in August as price pressures spread beyond food and transport. The rising figures strengthen the case for a central bank interest rate hike.
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India's annual retail inflation accelerated to 4.82% in August, driven by mounting food and transport pressures. The reading surpassed the 4.80% consensus forecast in a Reuters poll and rose from 4.45% in July. The uptick strengthens the case for a central bank rate hike as price pressures broaden across the economy.
