Inflation & Prices
India’s Surprise Inflation Pick-Up Gives RBI Reason to Hold
- Central bank expects inflation to rebound again in September
- The next monetary policy review is scheduled for Oct. 9
The Reserve Bank of India has left its benchmark interest rate unchanged for more than 18 months.
Photographer: Abeer Khan/BloombergThis article is for subscribers only.
India’s inflation unexpectedly accelerated in August, giving the central bank reason to stay on hold even though it remained below its 4% target for the second straight month.
The consumer price index rose 3.65% last month from a year earlier, data from Statistics Ministry showed Thursday, up from 3.54% in July and above the 3.47% median forecast in a Bloomberg survey of economists.