Inflation in India Highest in June; Industrial Production Slows
New Delhi, July 12 : Retail inflation rate accelerated to a five-month high of 5.0 percent in June, government data showed on Thursday, driven by higher fuel prices and a depreciating rupee.
June was the eighth straight month in which inflation was higher than the central bank's medium-term target of 4 percent. Economists polled by news agency Reuters had forecast June's annual increase in the consumer price index at 5.30 percent, compared with May's 4.87 percent.