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India's August Retail Inflation slowing after good rainfall

India's consumer inflation is expected to have eased to a four-month low in August, helped by smaller rises in food price.
•    Consumer prices, which the Reserve Bank of India tracks as it sets interest rate policy, likely rose 5.5 percent in August, according to a Reuter’s poll of economists, compared with an increase of 6.07 percent in July.
•    Data on the consumer price index and industrial output will be released at 1200 GMT Monday.
•    Economists predict annual growth in industrial output decelerated to 1.7 percent in July from June's eight-month high of 2.1 percent.
•    Even if retail inflation eases as much as anticipated, it will still be above the RBI's March 2017 target of 5 percent, despite low global crude prices.
•    In Asia, China's annual consumer inflation slowed to 1.3 percent in August, while Indonesia's pace slowed to a near seven-year low of 2.8 percent