U.S. Consumer Prices Edged Higher in August

Media playback is unsupported on your device                  Media caption Can India's economy keep up its current growth rate

Retail inflation, measured by Consumer Price Index (CPI), had hit a nine-month low of 4.17 percent in July and 3.28 percent in August 2017.

Retail inflation came in at a 10-month low of 3.69 per cent for August as compared to 4.17 per cent in the previous month.

NDTV is one of the leaders in the production and broadcasting of un-biased and comprehensive news and entertainment programmes in India and overseas.

A poll by CNBC-TV18 had expected inflation to be in the range of 3.5 to 3.8 percent.

The Reserve Bank of India (RBI) will be considering this set of data for formulating its next bi-monthly monetary policy on 5 October.

On balance, the scales appear tipped towards a third consecutive rate hike in the October policy review, along with a change in stance to withdrawal of accommodation, unless crude oil prices and the rupee record an appreciable reversal in the intervening period, she said. Capital goods production grew by 3 percent in July as against decline of 1.1 percent year ago.

This could be temporary as a weakening rupee and rising crude oil prices would boost consumer prices.

Food inflation slowed to 0.29 percent from a year earlier, against 1.37 percent in July.

The RBI, which next meets on 5 October, has raised its benchmark rate by a total of 50 basis points at its past two meetings, to 6.5%, while warning about inflationary pressures.

While oil prices have risen almost 15 percent this year, the rupee touched an all-time low of 72.78 per dollar on Wednesday and was expected to hover near there on a worsening trade balance. The tumble has sparked discontent in a country that relies heavily on imports for its fuel needs.

Core inflation, which excludes the volatile food and fuel sectors, was seen at around 6%, easing slightly from 6.3% in July, according to analysts.

The IMF expects the central bank to gradually tighten monetary policy in order to tame inflation.

However, Devendra Pant, chief economist at India Ratings, said a robust GDP growth in the first quarter coupled with declining inflation trajectory should make the RBI optimistic about the economy and hold on the policy rate in the forthcoming policy review in view of two back-to-back hikes.

Related News:

  • Tom Brady thankful Jalen Ramsey doesn't think he sucks

    The last time a defensive back got mouthy with Rob Gronkowski , the tight end threw the player "out of club". "I definitely would. I'm sure he's going to have opportunities to go versus me. "But I have nothing but confidence in Jalen".

    Venom Gets PG-13 Rating; Run-Time & Tracking Known

    If these numbers are correct, Tom Hardy's anti-superhero movie is about to break a box office record. There has been speculation Sony would release the film with an R rating.
    Apple HomePod update brings phone calls and Siri Shortcuts

    Apple HomePod update brings phone calls and Siri Shortcuts

    Siri Shortcuts: Siri Shortcuts is little more than Apple's take on Google Assistant Routines, which was rolled out months ago. But Apple has unveiled five new features at today's iPhone event that could make its smart speaker more of a contender.
  • Over 65s in Devon urged to get flu jab

    Over 65s in Devon urged to get flu jab

    That's especially true after the severe flu outbreak of 2017-18 that claimed the lives of 150 in Georgia, including five children. Every year the Food and Drug Administration (FDA) has to choose the strain of the flu virus that would be put into the flu shot.

    NRA depicts Thomas the Tank Engine characters as KKK members

    To this end, Thomas & Friends recently introduced a number of new characters, including a female engine from Kenya named Nia. And the burning train tracks. "OK, fine, fair point, I get it", Loesch states sardonically. "Fair.
    Canada and U.S

    Canada and U.S

    Austen, asked whether Freeland might return to Washington later in the week, said no decisions had been taken. Freeland emerged after meeting with Lighthizer, saying talks were occurring in a "good" atmosphere.
  • Manchester City Announce Revenues Of $656M

    The Chairman concludes his message, reflecting that "Our aim is obviously to build on the achievements of the previous year ". Cross-town rivals Manchester United posted €676m (Dh2.9 billion) in revenues, taking top slot.

    Lil Wayne Reportedly Gains Sole Ownership Over Young Money

    Wayne penned new lyrics, following the suicides of designer Kate Spade and celebrity chef Anthony Bourdain. One of the main issues stemmed from Young Money remaining a subsidiary of Birdman's Cash Money imprint.
    'Manmarziyaan': Why Big B praised Vicky, Taapsee, but not Abhishek

    'Manmarziyaan': Why Big B praised Vicky, Taapsee, but not Abhishek

    Meanwhile, Abhishek Bachchan has been roped in for the film Gulab Jamun with his real-life partner Aishwarya Rai Bachchan. Taapsee, who had worked with Amitabh in " Pink ", also received a letter.
  • Disturbing New Details About Mac Miller’s Death

    Disturbing New Details About Mac Miller’s Death

    In multiple interviews Miller said he had started using drugs including cocaine and opiates when he was just 15 years old. A host of stars have paid tribute to Mac, including his ex-girlfriend Ariana Grande and Elton John.
    NASA Mulls Turning Rockets And Spacecraft Into Corporate Billboards

    NASA Mulls Turning Rockets And Spacecraft Into Corporate Billboards

    The idea is much like how NASCAR advertising works. "Well, because then those private companies can then embed in their marketing campaigns NASA".

    Jon Hamm Confesses To Loving Comic Books & Speaks On Playing Batman

    That being said, Hamm would be willing to take on the role in the right context, even if it would involve a bit of extra effort. Jon Hamm's thoughts on playing Batman come after Ryan Gosling was asked about playing the character as well.

Most liked

Ryan Gosling Visits Coffee Shop After Its Gosling Cutout Goes Viral
All of the hard work and fun with the Ryan Gosling cutout paid off when the actor's mother saw what Grinder Coffee was up to. The decision came following last year's unsuccessful attempts to get Idris Elba to make a visit to the coffee shop.

UN Secretary General alarmed by paralysis of world leaders on climate change
Corals are dying, he said, the oceans are becoming more acidic, and there are growing conflicts over dwindling resources. The call comes amid growing concerns over the slow pace of United Nations negotiations.

Governor Deal issues State of Emergency across Georgia
The majority of the storm surge and rainfall issues are expected to remain for southeast North Carolina down into Charleston. Hurricane watches are in place around most of the SC coast, and tropical storm warnings were in effect in southern Virginia.

Captive State Teaser Trailer: It’s Time to Take Back Our Planet
We don't ever see the extraterrestrials in the trailer, but that doesn't mean they aren't around. Captive State stars Vera Farmiga , Madeline Brewer , John Goodman , Alan Ruck , Kevin J.

USA airlines prepare for arrival of Hurricane Florence
Hurricane Florence has the potential to bring catastrophic flooding to areas of the eastern U.S. already soaked by heavy rain. North Carolina, South Carolina and Georgia coasts could experience prolonged hurricane-force winds and rain.

Alan Jackson's Son-in-Law Dies in Boating Accident
Alan had been recovering from a respiratory infection and his upcoming concerts have been postponed due to Hurricane Florence. According to a report from Nashville's WSMV, Ben Selecman, the husband of Alan Jackson's daughter Mattie, has died.

IEA warns of oil price rise as sanctions on Iran bite
That month Russian Federation produced 11.247 million bpd, a post-Soviet Union record-high. The global benchmark earlier reached $80.13 a barrel, its highest since May 22.

Ailing orca J50 likely dead: whale researcher
"It was striking to me how thin she was. she is the thinnest killer whale I've ever seen", said Gaydos. The three-year-old orca, known as J50, has been not been since Friday off San Juan Island.

Russian, Chinese and Mongolian troops hold joint parade
The war games come amid rising tensions between Russian Federation and the US over Moscow's backing of Bashar al-Assad in the Syrian civil war.

Rex Burkhead misses practice; Sony Michel limited
The team did add running back Kenneth Farrow to the practice squad Wednesday, releasing wide receiver Jace Billingsley. Patriots running back Rex Burkhead appeared to be limited at the beginning of the team's practice today.

Gordon Hayward is "basically" 100 percent
So he'll have to get some preseason games in and get used to the soreness, but it's good to have him ready. "It's so much fun being able to play again, and play with my teammates", Hayward said.

Tottenham goalkeeper out for 'several weeks' with thigh injury
Spurs trail Premier League leaders Liverpool by three points but could move top for a few hours at least with victory at Wembley. He is punishing himself. "He's the first that told me: 'Gaffer it's a massive mistake and I need to pay, like a man'".

Assassin's Creed III Is Getting Remastered
Launching in December, Legacy of the First Blade will reveal more about the history that led to the formation of the Assassins. In a surprising saga filled with twists and turns, players will get even closer to Greek mythology and the First Civilization.

Missy Elliott Surprises Fan Who Went Viral for Covering ''Work It''
She later sat down alongside Missy, who praised the viral sensation. "I thought it was the most incredible thing". The best part about the performance, however, is that Halsey had no idea the rapper would be joining her.

Ric Flair Gets Married For The Fifth Time
Ric Flair has made it official, locking down his longtime fiancee Wendy Barlow in a low-key marriage ceremony on Wednesday. Congratulations to the happy couple from everyone at Sportskeeda. .