India’s CPI Eases More Than Estimated Before Patel Reviews Rates

  • Inflation rate rises 5.05% in August versus 5.2% survey est.
  • Governor Patel scheduled to review interest rates on Oct. 4

Vendors and farmers are surrounded by baskets at the Bara Bazar market in Shillong, India.

Photographer: Sanjit Das/Bloomberg

India’s inflation eased more than estimated, reviving calls for an interest-rate cut as new central bank Governor Urjit Patel prepares for his first review next month.

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