Aug retail inflation seen lower on food pricesThe August reading of retail inflation is estimated at 5.1% over a year ago, lower than the 6.1% figure of July, according to HSBC Global Research. A steep fall in food prices is expected to contribute to lower inflation. Rise in domestic air travel outpaces global growthAir travel is picking up, with domestic travel taking the lead. Most of the country’s 20 airports reported healthy growth rates but non-metro cities reported better growth than metros. Surging sugar prices and consistent consumption growth coupled with falling global and domestic production are working in the industry’s favour.

Source: Mint September 11, 2016 17:48 UTC