After showing signs of moderation in July, India’s inflation estimates for August have again moved upwards. While overall inflation measured by the consumer price index (CPI) was 7%, wholesale price index (WPI)-based inflation remained above 10% for the 17th month. In both, it was food inflation driven, with inflation in cereals in double digits. For the CPI, among the three major cereals, rice inflation was 7% compared to a negative reading the same month last year. But the other two major cereals of wheat and maize recorded inflation at more than 10%. In the case of WPI, wheat inflation was 17.4%, the highest since at least 2012, and for maize it was at 25.3%. These confirm fears that our inflation pressures aren’t transitory and are likely to persist longer than expected.