Even if retail inflation eases as much as anticipated, it will still be above the RBI’s March 2017 target of 5%, despite low global crude prices. Even if retail inflation eases as much as anticipated, it will still be above the RBI’s March 2017 target of 5%, despite low global crude prices. In Asia, China’s annual consumer inflation slowed to 1.3% in August, while Indonesia’s pace slowed to a near seven-year low of 2.8%. Aditi Nayar, an economist at ICRA, the Indian arm of rating agency Moody’s, said better rains in July have improved chances of a good harvest softening food price inflation. Analysts are divided whether new RBI governor Urjit Patel will oblige the government and industry, who seek a rate cut to boost private lending.

Source: Mint September 12, 2016 05:03 UTC