Wholesale inflation in India declined for the fifth consecutive month in August, reaching 0.52%. This provides the Reserve Bank of India with comfort to hold rates ahead of the Monetary Policy Committee meeting in October. The fall in commodity prices has resulted in lower input costs for producers, leading to limited pressure on consumer prices. Retail inflation also eased in August, and experts predict a further decrease in inflation in September. However, wholesale prices may rise later in September due to rising crude oil prices.
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