September 12, 2019 / 12:17 PM / a month ago

India's August retail inflation rises to 3.21% y/y- govt

NEW DELHI, Sept 12 (Reuters) - India’s retail inflation rate rose to 3.21% in August, driven by higher food prices, the government said on Thursday, remaining below the central bank’s 4% medium-term target for a thirteenth consecutive month.

Annual retail inflation in August was slightly higher compared with 3.15% in the previous month, and in line with analysts’ forecasts.

Analysts polled by Reuters had forecast a retail inflation rate of 3.30% for August.

Reporting by Manoj Kumar; editing by Uttaresh.V

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