Tag: India monsoon deficit

Inflation in India was likely to have eased in August from a 15-month high in July, led by cooling vegetable prices, but held above the upper end of the Reserve Bank of India's 2 per cent-6 per cent target for a second month, a Reuters poll found.Erratic monsoon rains have ruined some crops of staple food items, prompting the government to subsidise vegetable prices and ban exports of some cereals, providing temporary relief to households.That was sufficient to bring down headline inflation as food prices account for nearly...