India's wholesale price index likely rose an annual 9.2% in July, slightly slower than June's 9.44%, as policy tightening by the Reserve Bank of India (RBI) was partially offset by surging food prices, a Reuters poll showed.
The forecasts for India's main inflation gauge, from 27 economists, ranged from 8.9 to 10.0%.
"The contribution of food ... and fuels to overall inflation has gone up," said Rupa Rege Nitsure, chief economist at Bank of Baroda.
Food inflation hit a four-month high at the end of July, driven primarily by vegetable prices, government data showed on Thursday.
The RBI has aggressively increased rates since March last year and is expected to tighten them further, despite the global economic uncertainty.
The central bank, which is scheduled to meet on Sept. 16 for its next policy review, raised rates by a steeper-than-expected 50 basis points last month.
FACTORS TO WATCH
The troubles for the Indian banking system are likely to increase in the next 12 months due to slow economic growth and sluggish fiscal reforms. ...
During the April-February period of the last fiscal, the government had collected Rs 5.53 lakh crore under this head