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India CPI inflation rises to 4.82% in August
The Indian Express··14 Sept
India's consumer price inflation rose to 4.82 percent in August from 4.45 percent in July, data showed on September 14. Food inflation rose to 5.95 percent. Wholesale inflation rose to 9.92 percent. Producer output prices were 9.81 percent higher than a year earlier. The RBI Monetary Policy Committee meets October 5 to 7. The repo rate is 5.25 percent.
Prism
What It Means For You
- Headline CPI has now stayed above 4 percent for three months.
- The RBI targets 4 percent CPI inside a 2 to 6 percent band.
- Markets are watching whether the October MPC raises rates for the first time in three-and-a-half years.
What's Happening
- MoSPI released the August CPI figures on Monday.
- Wholesale food inflation hit a 20-month high of 7.05 percent, ICRA's Rahul Agrawal said.
- First-quarter GDP growth was 7.8 percent in 2026-27.
What The RBI Is Watching
- The RBI expects CPI to average 4.7 percent in July-September and 5.9 percent in October-December.
- Last month's MPC minutes showed Governor Sanjay Malhotra and Deputy Governor Poonam Gupta hinting at a hike.
- The output PPI is expected to replace the WPI as the main producer measure by 2031.
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