New Delhi: India’s annual consumer price inflation eased marginally in August to 9.52% in line with expectations from 9.64% in July, government data showed on Thursday.
Food prices for consumers also eased to an annual 11.06% in August from 11.24% in July.
A Reuters poll published this week forecast that consumer inflation would ease marginally to 9.55% year-on-year in August.
Unlike most central banks, the Reserve Bank of India mainly uses the wholesale price index (WPI) for setting its monetary policy. August WPI data is due to be released on Monday.