India's Retail Inflation Hits 4.82%, Wholesale Nears Double Digits in August
India's retail inflation climbed to 4.82% in August, with wholesale inflation rising sharply to 9.92%. Food prices added to the pressure, with consumer-level food inflation at 5.95% and wholesale food inflation at 7.05%. Fuel and power prices surged past 22% on the wholesale price index, signalling broad-based price increases. Economists warn that global factors could sustain upward pressure on domestic prices in the near term. All eyes are now on the Reserve Bank of India as it weighs its next monetary policy moves.
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