India's retail inflation is expected to have picked up slightly in July after cooling in the previous three months, a Reuters poll showed, but likely remained well below the central bank's 4 per cent medium-term target. Much of the increase is attributed to the return of food inflation. Vegetable prices have risen sharply following erratic monsoon rains. The consumer price index likely rose 1.87 per cent last month, after dipping to a historic low of 1.54 per cent in June, according to the median forecast of nearly 30 economists. But forecasts ranged from 0.90 per ...
Retail inflation seen picking up for 1st time in 4 months in July: Poll
Vegetable prices have risen sharply following erratic monsoon rains