India's retail inflation rose to 5.04% in September, surpassing RBI's 4% target due to higher vegetable prices.
A recent Reuters poll indicates that India's retail inflation likely rose to 5.04% in September, surpassing the Reserve Bank of India's 4% target for the first time since July. This increase is primarily driven by higher vegetable prices due to heavy rains affecting crop availability. The inflation rate was 3.65% in August. Core inflation is also expected to rise, prompting speculation that the RBI may consider rate cuts in December. Data will be released on October 14.
October 10, 2024
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