Retail inflation up in August to 7%, IIP slows sharply

Retail inflation accelerated in August on the back of high food prices, reversing a three-month downward trend and remained above the Reserve Bank of India’s (RBI) upper tolerance level of 6% for the eighth consecutive month, which may prompt the central bank to raise interest rates again. The retail inflation data showed cereal and product prices rose 9.6% in August while vegetable prices shot up 13.2% during the month.

source https://timesofindia.indiatimes.com/business/india-business/retail-inflation-up-in-august-to-7-iip-slows-sharply/articleshow/94161860.cms