The number, however, remained below RBI's 4% for the 12th straight month, despite recent interest rate cuts. Both gains exceeded the median estimates of economists, while the broader CPI advanced 0.3 per cent on the month and 1.8 per cent annually.
The core consumer price index, which excludes food and energy, rose 0.3% from the prior month, and 2.2% from a year earlier, according to a Labor Department report Tuesday.
Retail inflation eased marginally in July to 3.15% over the previous month despite costlier food items, said a government data released on August 13 evening.
The retail inflation based on Consumer Price Index (CPI) was 3.18% in June and 4.17% in July 2018. President Donald Trump has repeatedly cited low inflation in his attacks on the Fed and calls for deeper interest-rate cuts.
"With inflation close to target and equity markets likely to rally hard on a positive trade outcome we could end up seeing a significant re-evaluation of the outlook for monetary policy later this year that also results in a sharp correction higher in Treasury yields".
Tariffs on a wide range of consumer products imported from China, set to take effect September 1, may boost inflation further.
Rupture du ligament croisé confirmée pour Coco — FCN
Je suis certain qu'il reviendra plus fort " a indiqué le directeur général délégué Franck Kita sur le site officiel des Canaris. Nantes a confirmé ce mardi les craintes concernant la blessure de Marcus Coco à Lille, dimanche.
Many key measures within the Labor Department's gauge advanced in July.
Prices for new vehicles fell 0.2 per cent, the first decline since February.
Energy prices rose 1.3% from the prior month as gasoline prices increased 2.5%. "This is the second 0.3% monthly increase in a row, something that hasn't happened since 2001".
- Economists surveyed by Bloomberg had forecast the core gauge would rise 0.2 per cent from the prior month and 2.1 per cent from a year earlier, with the broader index rising 0.3 per cent on the month and accelerating to 1.7 per cent on a yearly basis.
-With assistance from Kristy Scheuble, Benjamin Purvis and Vince Golle.
Post-retirement, Moody became the director of cricket in Worcestershire before becoming the Sri Lankan national coach in 2005. Former team manager Lalchand Rajput has also thrown his hat in the ring for the job of the Indian cricket team's head coach.
Pouvoir jouer dans ce grand club et voir que tout va bien pour moi, c'est une double raison d'être très heureux. Titulaire face à Rennes et Nîmes, l'Espagnol monte en puissance et semble déjà adapté au PSG .
After resuscitation was performed by a member of the public, the paper reports that vital signs were restored. The Department of Foreign Affairs says it is aware of the case and is providing consular assistance.
He apparently doesn't want to play for Washington anymore, but at the same time, the Redskins have said they aren't trading him. Needless to say, this is not the situation you want to be in with your left tackle a few weeks before the season opener.
On Tuesday, at the Court of Session in Edinburgh, Judge Raymond Doherty said a substantive hearing should take place September 6. The bill also required further votes if the Government pursued leaving the European Union without an agreement.
The video is appropriately titled " Jack Gray " and shows the meet up between Tenacious D and The Raconteurs frontman. Speaking to camera the School of Rock star said: "So Jack White just gave us the tour of the Third Man headquarters.
Iran says Britain might free oil tanker soon
Tehran responded to the move in tit-for-tat fashion, detaining a British-flagged tanker in the Strait of Hormuz two weeks later. Gibraltar said on Tuesday it was seeking to de-escalate issues arising with Iran since the detention.
India's passenger vehicles' sales slumped by 31% in July
Vehicle sales across categories registered a decline of 18.71% to 18,25,148 units from 22,45,223 units in July 2018, it added. In July 2019 too, auto sales are 35.95 percent down YoY, which is not far from that dismal figure almost two decades ago.