August core inflation eases to 1.9 percent - analysts

Reuters
A fisherman arranges fishes kept for drying at a fishing harbour in Chennai
.

View photo

A fisherman arranges fishes kept for drying at a fishing harbour in Chennai August 30, 2013. REUTERS/Babu/Files

MUMBAI (Reuters) - India's core wholesale price index (WPI) was estimated to have risen by 1.9 percent in August, according to a Reuters snap survey of three analysts and traders.

Core WPI was between 2.3-2.4 percent in July from a year earlier.

India's headline inflation rose at the fastest pace for six months in August, driven by an 18 percent jump in food prices, a reminder of the economic pressures that new Reserve Bank of India governor Raghuram Rajan faces ahead of his first policy meeting this week.

(Reporting by India Markets Team; Editing by Prateek Chatterjee)

Rates

View Comments (1)