Retail inflation in August rises to 4.8%, wholesale print up 9.9%

India's retail inflation reached 4.8% in August, its highest level since January. Wholesale inflation also climbed to 9.9%, driven by fuel and manufactured goods. Food inflation increased to 6%, with rural areas experiencing higher price pressures. Economists anticipate further inflation and potential interest rate hikes by the Reserve Bank of India. The central bank's next monetary policy meeting is scheduled for October.