Don’t miss the latest developments in business and finance.

July retail inflation accelerates to 7.96 percent

Image
Reuters NEW DELHI
Last Updated : Aug 12 2014 | 6:06 PM IST

NEW DELHI (Reuters) - Consumer price inflation accelerated to a two-month high of 7.96 percent in July, driven up by surging prices for vegetables, fruit and milk, government data showed on Tuesday.

A Reuters poll had forecast the consumer price inflation rate would edge up to 7.4 percent from 7.31 percent in June.

Consumer food price inflation, under a new series published by the government, jumped in July to 9.36 percent from 7.97 percent in the previous month.

(Reporting by Rajesh Kumar Singh; Editing by Douglas Busvine)

Also Read

First Published: Aug 12 2014 | 5:55 PM IST

Next Story