The Congress party is debating holding a general election in November, six months ahead of schedule, senior party leaders said, reflecting an internal discussion over whether to pull the plug on the shaky ruling coalition or have it serve a full term. Full Article
- Winning ticket for $590.5 million Powerball lottery sold in Florida
- HSBC cuts gold, silver price forecasts for 2013, 2014
- Rod Stewart tops UK album chart for first time in 34 years
- S.Africa minister accuses Indian High Commission official in Gupta scandal
- Indian cinema on a mission at Cannes to dispel Bollywood image
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
August consumer price inflation at 10.03 percent
NEW DELHI |
NEW DELHI (Reuters) - India's annual consumer price inflation picked up in August to 10.03 percent, driven by a rise in food prices, government data showed on Tuesday.
India's retail inflation is the highest among the BRICS group of emerging economies - Brazil, Russia, China, and South Africa - and is way above what the Reserve Bank of India (RBI) calls its comfort level.
RBI left interest rates unchanged on Monday despite big-ticket reforms by the government last week, and said its primary focus remained fighting stubbornly high inflation.
Food prices for consumers accelerated to 12.03 percent in August from 11.53 percent in July. The revised number of CPI reading for July remained at 9.86 percent.
Inflation as measured by India's benchmark wholesale price index rose a higher-than-expected 7.55 percent in August from a year earlier, mainly driven by higher food prices due to deficient monsoon, data on September 14 showed.
(Reporting by Manoj Kumar; Editing by Anupama Dwivedi)
- Tweet this
- Share this
- Digg this