Wholesale price-based inflation unchanged at 1.08% in August

Wholesale price-based inflation was unchanged at 1.08 per cent in August, reinforcing the expectation of a rate cut by the RBI in the October policy review. Experts said, although the RBI takes into account the Consumer Price Index-based inflation while deciding its monetary policy stance, the decline in core inflation has strengthened the case for a rate cut. According to the data released yesterday by the Ministry of Commerce & Industry, the increase in prices of certain food items was...