Indian inflation seen picking up in July on higher food prices
"The current episode of high food inflation is different ... as it is driven by a surge in a few commodities - pulses, sugar and vegetables. During the financial year 2013-14, India had witnessed double-digit inflation in nearly all food items - including cereals," wrote Jay Shankar, chief India economist at Religare Capital Markets.
A woman is reflected in a mirror as she buys decorations for her home at a market in the old quarters of Delhi. Pic: Reuters