India August retail inflation expected below 7% : Economist
India's annual retail inflation in August is expected to fall below 7 per cent after unexpectedly rising to a 15-month-high of 7.44 per cent in July, an economist at Motilal Oswal said on Thursday.
Retail inflation rose as of last count as prices of vegetables and cereals skyrocketed, beating all market expectations and putting pressure on the government to bring down prices. Image Source: Reuters