India’s retail inflation eases in August, upside risks remain
NEW DELHI, Sept 12 (Reuters) – India’s retail inflation (INCPIY=ECI) eased in August as food prices moderated, but remained above the upper end of the central bank’s target band for a second consecutive month, keeping policymakers watchful. Annual Retail inflation in August was 6.83%, compared with 7.44% in July – a 15-month high – according to data released by the ministry of statistics on Tuesday. The August print was lower than the 7% estimate of 45 economists polled by Reuters. Food inflation, which accounts for nearly half of the overall basket, was up 9.94% in August compared with a rise