Indian inflation back in single digits on back of Reserve Bank hikes

rbi-tower

The monetary-policy relevant measure of inflation in India fell to 9.97% in July, a six-month low, data released by the Ministry of Commerce and Industry on Monday showed.

India's wholesale price index (WPI), the most relevant measure for monetary policy, rose by 9.97% over the 12 months to July, slower than the previous month's 10.55% year-on-year rise, moving inflation back into single digit territory after a surge earlier this year.

Monday's figures will come as a relief to the central bank

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.