India’s consumer price inflation accelerated to hit the double-digit level of 10.03 percent in August from 9.86 percent recorded in July, CNBC-TV18 reported.
Food inflation during the month stood at 12.03 percent. Rural CPI came in at 9.90 percent compared with 9.76 percent and urban print was10.19 percent compared with 10.10 percent in July.
An increase in the rate was expected as the wholesale price inflation in August had spiralled to 7.55 percent from 6.87 percent in July. Reuters
An increase in the rate was expected as the wholesale price inflation in August had spiralled to 7.55 percent from 6.87 percent in July.
The Reserve Bank of India on Monday had reiterated its concerns about the rising prices on wholesale and retail fronts.
“In terms of the new CPI, inflation (y-o-y) remained broadly unchanged in July from June at close to 10 per cent, held up by rising prices of food items,” it had noted.
“Even as demand pressures moderate, supply constraints and rupee depreciation are imparting pressures on prices, rendering them sticky,” it said.
