August retail inflation eases to 5.05%; IIP shrinks 2.4% in July

Food inflation was 5.91% last month, slower than 8.35% recorded in July

India's annual consumer price inflation eased to 5.05 percent in August, helped by smaller rises in food prices, government data showed on Monday.

Economists surveyed by Reuters had expected annual retail inflation to come in at 5.5 percent last month, compared with 6.07 percent in July.

Food inflation was 5.91 percent last month, slower than 8.35 percent recorded in July.

On the other hand, India's industrial output contracted 2.4% in July from a year earlier, mainly dragged down by lower production of capital goods and consumer non-durables, government data showed on Monday.

Economists surveyed by Reuters had forecast a 1.7% increase in output compared with a provisional 2.1% year-on-year expansion in June.