NEW DELHI: Rising vegetable prices and the impact of a weakrupee pushed inflation to a five-month high of 5.79% in July, posing yet another challenge for Asia's third-largest economy battling to defend the rupee and boost growth.
Official data released on Wednesday showed inflation, as measured by the wholesale price index, jumped to 5.79% in July from the previous month's 4.86%. Easing wholesale price inflation had fuelled expectations of a moderation in tight monetary policy but the slide of the rupee against the dollar has dashed those hopes for now.
Official data released on Wednesday showed inflation, as measured by the wholesale price index, jumped to 5.79% in July from the previous month's 4.86%. Easing wholesale price inflation had fuelled expectations of a moderation in tight monetary policy but the slide of the rupee against the dollar has dashed those hopes for now.
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