scorecardresearchDouble whammy: Inflation rises to 7%, factory output plunges

Double whammy: Inflation rises to 7%, factory output plunges

Updated: 13 Sep 2022, 08:04 AM IST
TL;DR.
The reversal of a three-month declining trend in CPI inflation will put pressure on the Reserve Bank of India (RBI) to again raise interest rates to tame prices, which have stayed above the comfort zone for the eighth month in a row.
A customer and vendor exchange Indian rupee banknotes in Bengaluru, India, on Monday, Aug. 15, 2022. India�s�wholesale�price inflation due Aug. 16 would show price gains easing to 13.75% in July, from 15.18% the previous month, according to a separate survey as of last Friday. Photographer: Samyukta Lakshmi/Bloomberg

A customer and vendor exchange Indian rupee banknotes in Bengaluru, India, on Monday, Aug. 15, 2022. India�s�wholesale�price inflation due Aug. 16 would show price gains easing to 13.75% in July, from 15.18% the previous month, according to a separate survey as of last Friday. Photographer: Samyukta Lakshmi/Bloomberg