India's wholesale inflation beats estimates as it eases to 1.31% in August

India's wholesale inflation rate for August changed to 1.31% per cent from July's three-month low of 2.04 per cent, according to government data. Retail inflation rose slightly to 3.65 per cent, driven by food prices but stayed below the RBI's 4 per cent target. The RBI maintained its inflation forecast at 4.5 per cent for this fiscal year.