India September inflation rises to 5.54 percent
India retail inflation accelerated to 5.54 percent in September, nearing the central bank ceiling. The increase was largely driven by rising food prices and base effects. Economists expect further rate hikes from the Reserve Bank of India.
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India retail inflation accelerated to 5.54% in September, nearing the central bank's ceiling and driving expectations of further interest rate hikes. The print exceeded the 5.4% consensus forecast in a Reuters poll and rose from 4.83% in August. The upward pressure complicates monetary policy as commodity costs climb.
