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LATEST NEWS UPDATES | Aug CPI combined inflation at 10.03% vs 9.86% m-o-m

Aug CPI combined inflation at 10.03% vs 9.86% m-o-m

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published Published on Sep 18, 2012   modified Modified on Sep 18, 2012
-Reuters

Food prices for consumers accelerated to 12.03% in August from 11.53% in July

India's annual Consumer Price Inflation (CPI) picked up in August to 10.03%, driven by a rise in food prices, government data showed on Tuesday.

India's retail inflation is the highest among the Brics group of emerging economies - Brazil, Russia, China, and South Africa - and is way above what the Reserve Bank of India (RBI) calls its comfort level.

RBI left interest rates unchanged on Monday despite big-ticket reforms by the government last week, and said its primary focus remained fighting stubbornly high inflation.

Food prices for consumers accelerated to 12.03% in August from 11.53% in July. The revised number of CPI reading for July remained at 9.86%.

Inflation as measured by India's benchmark wholesale price index rose a higher-than-expected 7.55% in August from a year earlier, mainly driven by higher food prices due to deficient monsoon, data on September 14 showed.

The Business Standard, 18 September, 2012, http://www.business-standard.com/india/news/aug-cpi-combined-inflation-at-1003-vs-986-m-o-m/187259/on


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