India's inflation rises to 4.82% in August, just above forecasts
India's consumer price inflation rose to 4.82% in August, slightly exceeding economist forecasts and putting pressure on the central bank. Despite rising food and fuel costs, the country maintains strong GDP growth projections.
Why it matters
Rising inflation in a major global economy like India can influence central bank interest rate policies and impact global market stability.
India's consumer price inflation rose to 4.82% in August from 4.45% in July, adding to pressure on the country's central bank to raise key benchmark rates.
The headline inflation number was slightly above economists' expectations for a 4.80% rise, according to a Reuters poll. Inflation has been on the rise for 10 straight months in the world's fastest-growing economy, according to data from LSEG.
India's food inflation climbed to 5.95% in August from 5.52% a month ago, India's Ministry of Statistics and Program Implementation said in a Monday release. Goods transport service inflation rose the sharpest to over 14% in August, while personal transport inflation rose over 7%, the release said.
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