You are here: Home » Economy & Policy » News
Business Standard

Retail inflation seen picking up for 1st time in 4 months in July: Poll

Vegetable prices have risen sharply following erratic monsoon rains

Reuters  |  Bengaluru 

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 ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, August 09 2017. 13:52 IST
RECOMMENDED FOR YOU