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India August inflation seen at 5-month high on rising food costs

Reuters  |  BENGALURU 

By Vivek MishraBENGALURU (Reuters) - India's retail inflation is expected to have picked up to a five-month high in August, largely driven by higher food costs, a Reuters poll showed, easing pressure on the Reserve Bank of India (RBI) to cut interest rates again after poor growth data.Consumer prices were forecast up at 3.20 percent in August from a year ago, jumping from July's 2.36 percent, according to the poll taken September 5-8 of nearly 40 economists.Forecasts for the data, scheduled to be released on September 12 at 1200 GMT, ranged from 2.50 percent to 3.55 percent.If the consensus ...

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First Published: Mon, September 11 2017. 11:34 IST