Consumer Inflation Quickens to 7.96% in July

Consumer price inflation accelerated to a two-month high of 7.96 per cent in July, driven up by surging prices for vegetables, fruit and milk, government data showed on Tuesday. A Reuters poll had forecast the consumer price inflation rate would edge up to 7.4 per cent from 7.31 per cent in June. Consumer food price inflation, under a new series published by the government, jumped in July to 9.36 per cent from 7.97 per cent i...