India October Inflation Nears RBI Target
India consumer inflation likely accelerated to 5.93 percent in October due to surging food prices. Economists expect the central bank to raise interest rates further.
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India's consumer price inflation likely accelerated to 5.93% in October, edging near the upper limit of the central bank's target range. The pickup was driven by a broad-based surge in food costs following an uneven and deficient southwest monsoon. The trajectory keeps pressure on monetary authorities ahead of the next rate decision.
