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June inflation likely reached highest level in nearly 2 years: Reuters poll

Reuters  |  BENGALURU 

By Indradip GhoshBENGALURU (Reuters) - Indian inflation likely rose to a near two-year high in June, driven by surging oil and food prices, a Reuters poll showed, a development that would strengthen calls for more monetary policy tightening by the Reserve Bank of India.According to a July 4-9 Reuters poll of 37 economists, retail prices rose at an annual 5.30 percent last month. That would be the fastest since July 2016, well above May's 4.87 percent and keep inflation above the central bank's 4 percent target for an eighth straight month. Forecasts for the data, scheduled to be released on ...

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First Published: Tue, July 10 2018. 10:45 IST