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Expert Views: India consumer inflation accelerates to 3.36 percent in August

Reuters  |  MUMBAI 

MUMBAI (Reuters) - India's annual consumer inflation in August jumped to a five-month high of 3.36 percent from a year ago, driven by higher food prices, according to government data on Tuesday.The rise was higher than the 3.20 percent forecast by economists in a Reuters poll. Inflation rose to 2.36 percent in July, after falling for three straight months.COMMENTSABHISHEK UPADHYAY, ECONOMIST, ICICI SECURITIES PRIMARY DEALERSHIP, MUMBAI"Inflation is largely in line with assumptions, but the key takeaway is the spike higher in core inflation to 4.6 percent. "Centre HRA (housing rent allowance) ...

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