The Economic Times

India August consumer inflation likely hit 20-month high on food, fuel prices: Reuters poll

India faces an anticipated spike in consumer inflation, predicting a high not seen in 20 months this August. Rising food and fuel prices are at the forefront of this increase, as the trend of surpassing the Reserve Bank of India's inflation target continues for the third month. Additionally, global crude oil and cooking gas prices are contributing heavily. Experts forecast that annual consumer price inflation will climb to 4.80 percent.