India's retail inflation rose to 5.49% in September 2024, driven by increased food prices.
India's retail inflation rose to 5.49% in September 2024, up from 3.65% in August, driven mainly by increased food prices, which surged to 9.24%. The Consumer Price Index (CPI) reflects this rising trend, marking the highest inflation rate since December 2023. The Reserve Bank of India is monitoring the situation but has not yet adjusted the key short-term lending rate to address inflation, which is targeted at 4% with a permissible margin.
October 14, 2024
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