India's August CPI Accelerates to 4.82%, Narrowing RBI Pause Room

3 articles · Updated · Bloomberg · Sep 14

India’s consumer price index rose 4.82% in August from a year earlier, up from 4.45% in July and moving closer to the RBI’s 6% ceiling.
The reading came in just below the 4.86% median economist estimate, but still points to less room for policymakers to stay on hold for long.
August marked the 10th straight monthly increase in consumer inflation, with food inflation at 5.95% and goods transport service inflation above 14% in related data.
Higher food and fuel costs have been amplified by oil above $100 a barrel, adding pressure to India’s inflation outlook and the central bank’s policy path.

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