India’s August CPI likely ends 9-month decline at 2.1%
India's retail inflation is expected to have risen to 2.1% in August from July's eight-year low of 1.55%, ending a nine-month decline. Higher food and gold prices drove the uptick, though CPI remains well below the RBI's 4% target. Core inflation is estimated at 4.2%. Economists say fading base effects mean inflation may trend higher into year-end.