India's inflation higher than Russia and China, projected to ease

Inflation in advanced economies is expected to remain above target levels, according to IMF

India’s inflation is higher than Brazil, Russia and China and some developed markets including the United States of America.

Government data released on Wednesday shows India’s consumer inflation rose to 4.81 per cent in June, after hitting a 25-month low of 4.25 per cent in May. South Africa’s inflation was at 6.3 per cent, the highest in the BRICS bloc that has Brazil, Russia, India and China as its other members.

Price rise in the United States, which released its inflation figures for June on Wednesday, was at 3 per cent: the lowest in over two years. Inflation in the