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Rising food prices push India's August retail inflation to five-month high

Reuters  |  NEW DELHI 

By Manoj KumarNEW DELHI (Reuters) - India's consumer price inflation rose more than expected to a five-month high in August, fuelled by strong gains in prices of food items, dampening chances of a rate cut by the Reserve Bank of India (RBI) in a policy review next month amid weak economic growth.India's consumer price index (CPI) rose 3.36 percent in August from a year earlier, data released by the Ministry of Statistics on Tuesday showed.Analysts polled by Reuters had expected CPI inflation would edge up to 3.20 percent, compared with 2.36 percent in July. Last month, the RBI cut its main ...

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First Published: Tue, September 12 2017. 18:28 IST
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