India’s retail inflation rises to 4.82%, wholesale inflation climbs to 9.92%

India’s retail inflation accelerated in August, while wholesale inflation moved closer to double digits, pointing to renewed price pressures across food, fuel and manufactured goods.Consumer Price Index (CPI)-based retail inflation rose to 4.82% in August, from 4.45% in July, according to data released by the ministry of statistics & programme implementation.The August reading was the highest under the new CPI series, which began in January, and was marginally above the 4.80% estimate in a Reuters poll.Wholesale price-based inflation, meanwhile, rose to 9.92% in August from 9.78% in July, according to data released by the commerce and industry ministry.It was the second-highest reading in the new WPI series, which has 2022-23 as its base year.Food inflation remains a key pressure pointRetail food inflation, measured by the Consumer Food Price Index (CFPI), rose to 5.95% in August, compared with 5.52% in July.Food inflation was higher in rural areas at 6.13%, while urban…