India September Inflation Rises to 5.54 Percent
India retail inflation jumped to 5.54 percent in September, driven by rising food and energy costs. Economists expect the central bank to implement further interest rate hikes.
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India retail inflation jumped to 5.54% in September, data showed on Monday, nearing the upper end of the central bank's 2%-6% tolerance band. The print was marginally higher than economists' 5.4% forecast, marking the fourth consecutive month above the medium-term target. Price pressures have intensified across the economy, driven by the conflict in Iran and weak monsoon conditions.
