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Expert Views: India's August annual retail inflation eases to 3.69 percent

Reuters  |  MUMBAI/BENGALURU 

MUMBAI/BENGALURU (Reuters) - India's annual retail inflation eased to 3.69 percent in August from 4.17 percent in July, the statistics ministry said on Wednesday, helped by a smaller rise in food prices. Analysts polled by Reuters had forecast August annual increase in the consumer price index at 3.86 percent.COMMENTARY:ANAGHA DEODHAR, ECONOMIST, ICICI SECURITIES, MUMBAI"The August inflation number is in line with our expectation. Falling domestic currency could accentuate the impact of rising oil prices on inflation. We expect this double-whammy of weakening rupee and rising oil prices to ...

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First Published: Wed, September 12 2018. 18:06 IST
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