India Inflation Tops Estimates; Fuel Rise May Stoke Prices
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Indian inflation quickened more than economists estimated in August, an acceleration that may be stoked by the first rise in diesel tariffs in over a year.
The wholesale-price index rose 7.55 percent from a year earlier, after climbing 6.87 percent in July, the Commerce Ministry said in a statement in New Delhi today. The climb exceeds all 35 estimates in a Bloomberg News survey, whose median projection was 7.1 percent.