India’s Inflation Cools to Slowest Pace Since January
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India’s inflation rate fell to the lowest level since January as stronger rains boosted crop plantings, helping cap food-price increases. Bonds rose.
The benchmark wholesale-price index rose 8.5 percent in August from a year earlier after July’s 9.8 percent gain, calculated using a new base year, the commerce ministry said in New Delhi today. Using the previous base year, prices climbed 9.5 percent, compared with the 9.6 percent median estimate of 19 economists in a Bloomberg News survey.