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Expert Views: India's June retail inflation accelerates to five-month high

Reuters  |  MUMBAI/BENGALURU 

MUMBAI/BENGALURU (Reuters) - India's retail inflation rate accelerated to a five-month high of 5.0 percent in June, government data showed on Thursday, driven by higher fuel prices and a depreciating rupee.Analysts polled by Reuters had forecast June's annual increase in the consumer price index at 5.30 percent, compared with May's 4.87 percent. June was the eighth straight month in which inflation was higher than the central bank's medium-term target of 4 percent. ABHISHEK UPADHYAY, SENIOR ECONOMIST, ICICI SECURITIES PRIMARY DEALERSHIP, MUMBAI"Inflation has surprised.. lower than our ...

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First Published: Thu, July 12 2018. 18:25 IST
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