India inflation eases more than expectedStaff Writer | September 14, 2016
India's consumer price inflation slowed more-than-expected in August to just above the central bank's target of 5 percent, figures from the Central Statistics Office showed.
Asia Figures from the Central Statistics Office show:
Headline inflation held above the Reserve Bank of India's 5 percent target for a fifth straight month. The bank has adopted 4 percent inflation as its monetary policy target.
Food price inflation slowed sharply to 5.91 percent from 8.35 percent.
On a month-on-month basis, the CPI was unchanged in August amid a 0.58 percent decline in food prices. ■