Source: The Economic Times, Aug 14, 2017
MUMBAI: India’s annual consumer price inflation picked up to 2.36 percent in July from 1.54 percent in June, as a decline in food prices slowed sharply, government data showed on Monday.
The rise was faster than the 1.87 percent forecast by economists in a Reuters poll. Inflation was 1.54 percent in June – the slowest pace since India started releasing retail inflation data in January 2012 based on combined data for rural and urban consumers.
Commenting on the figures, Anjali Verma, economist, Phillipcapital India, said: “(Inflation of) 2.36 percent is in line with our expectations. This has largely been led by higher vegetable prices, which is also reflecting in WPI.