INDIA'S JULY CPI INFLATION SEEN HITTING 19-MONTH HIGH; CORE INFLATION MODERATES

India's consumer price inflation is projected to have reached a 19-month high in July, potentially climbing to 4.5% driven by surging vegetable prices. In contrast, core inflation, which excludes volatile food and energy prices, is estimated to have moderated to around 4%. The headline retail inflation figure for June stood at 4.81%.