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Aug inflation number likely to remain high; moderation expected from Sept
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retail inflation is expected to remain elevated in August as well, due to rising prices of cereals, sources said. The August inflation print is scheduled to be announced on September 12.
However, sources said, it is expected to start moderating from September onwards due to fall in prices of vegetables like tomatoes, restrictions imposed on the export of non-basmati rice and cut in the prices of domestic LPG cylinders.
Last week, RBI Governor Shaktikanta Das also said that the central bank expects inflation to moderate from September onwards.
«We expect overall inflation to start moderating from September onwards.
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