India's retail inflation is the highest among the BRICS group of emerging economies - Brazil, Russia, China, and South Africa - and is way above what the Reserve Bank of India (RBI) calls its comfort level.
RBI left interest rates unchanged on Monday despite big-ticket reforms by the government last week, and said its primary focus remained fighting stubbornly high inflation.
Food prices for consumers accelerated to 12.03 per cent in August from 11.53 per cent in July. The revised number of CPI reading for July remained at 9.86 per cent.
Inflation as measured by India's benchmark wholesale price index rose a higher-than-expected 7.55 per cent in August from a year earlier, mainly driven by higher food prices due to deficient monsoon, data on September 14 showed.
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