India's annual retail inflation rose to 6.09% in October from 5.54% in September, breaching the central bank's upper tolerance threshold. Economists surveyed by Reuters had expected a reading of 5.93% for the month.
India October Retail Inflation Rises to 6.09 Percent
India annual retail inflation reached 6.09 percent in October driven by surging food and energy prices. Economists expect the central bank to implement further interest rate hikes.
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