July 12, 2019 / 12:23 PM / 8 days ago

India's June core consumer inflation seen around 4.09%-4.11%: analysts

Vendors wait for customers at their respective shops at a retail market in Kolkata, India, December 12, 2018. REUTERS/Rupak De Chowdhuri

MUMBAI (Reuters) - India’s core consumer inflation was seen between 4.09% and 4.11% in June, below 4.25% seen in May, according to two analysts who estimated it from the inflation figures released on Friday.

The retail inflation rate hit an eight-month high in June on higher food prices, but stayed below the RBI’s medium-term target of 4% for an eleventh straight month.

Reporting by Swati Bhat and Chris Thomas; Editing by Subhranshu Sahu

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