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India s inflation likely edged up to seven-month high in June
07/08/2021 | 12:08am EDT
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BENGALURU (Reuters) - India s retail inflation probably accelerated to a seven-month high in June on rising food and fuel prices, staying above the Reserve Bank of India s comfort zone for a second straight month, a Reuters poll showed.
While many of India s states have eased restrictions imposed to contain the coronavirus, supply-side disruptions remain and higher taxes on petroleum products continue to exert upward pressure on inflation.
The July 5-7 poll of 37 economists showed retail inflation rose to 6.58% in June from a year ago. It was 6.30% in May.
Synopsis
While many of India s states have eased restrictions imposed to contain the coronavirus, supply-side disruptions remain and higher taxes on petroleum products continue to exert upward pressure on inflation.
Agencies
Higher food and fuel prices could push inflation up for the month of June.
India s retail inflation probably accelerated to a seven-month high in June on rising food and fuel prices, staying above the Reserve Bank of India s comfort zone for a second straight month, a Reuters poll showed.
While many of India s states have eased restrictions imposed to contain the coronavirus, supply-side disruptions remain and higher taxes on petroleum products continue to exert upward pressure on inflation.