India | Pick up in August WPI inflation limits RBI’s policy options
Published on Tuesday, August 14, 2012 | Updated on Thursday, June 16, 2016
India | Pick up in August WPI inflation limits RBI’s policy options
Summary
India’s wholesale price inflation jumped in August to 7.6% y/y (Consensus: 7.1%) from 6.9% in July, driven by a broad based pick up in prices. Core inflation rose for a fifth straight month (5.7% y/y vs 5.4% previously) as a rise inglobal commodity prices fueled input cost pressures.
Geographies
- Geography Tags
- Asia
Topics
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- Macroeconomic Analysis
Authors
Sumedh Deorukhkar
BBVA Research - Senior Economist