India CPI Holds Near 8%, Output Slows Before RBI Decision

Indian retail inflation held near 8 percent while growth in factory output slowed more than economists had estimated before the central bank reviews one of Asia’s highest interest rates.

Consumer prices rose 7.8 percent in August from a year earlier, compared with 7.96 percent in July, the Statistics Ministry said in New Delhi today. The median of 37 estimates in a Bloomberg survey had been for a 7.83 percent increase. Industrial production rose 0.5 percent in July, compared with