August core inflation eases to 1.9 percent - analysts
MUMBAI (Reuters) - India's core wholesale price index (WPI) was estimated to have risen by 1.9 percent in August, according to a Reuters snap survey of three analysts and traders.
Core WPI was between 2.3-2.4 percent in July from a year earlier.
India's headline inflation rose at the fastest pace for six months in August, driven by an 18 percent jump in food prices, a reminder of the economic pressures that new Reserve Bank of India governor Raghuram Rajan faces ahead of his first policy meeting this week.
(Reporting by India Markets Team; Editing by Prateek Chatterjee)
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India's battle with inflation and weak economic growth became more challenging on Thursday with a sharp spike in the cost of food driving the highest retail price rises on record and a worse-than-anticipated contraction in industrial production. Full Article