India inflation rises to 4.82% in August, food inflation 5.95%
Inflation in India rose to 4.82% this August, up from July's 4.45%, with food costs being the main reason: food inflation hit 5.95%.
This is the highest inflation seen since the new CPI series started earlier this year, hinting at growing price pressures after a few months of calm.
RBI lowers FY27 forecast to 5%
The Reserve Bank of India (RBI) has slightly lowered its inflation forecast for FY27 to 5%, thanks to cheaper global oil and some easing supply issues.
Still, expensive sugar pushed up costs and led to an extended export ban through September.
RBI Governor Sanjay Malhotra says core inflation is under control for now, but warns that food and fuel could push overall prices higher in coming months (the central bank's focus: keep inflation in check without hurting growth).