India's imported inflation reached 2% in September 2024, highest in 13 months, due to increased gold, oil, and chemical costs, causing overall retail inflation to rise to 5.5%.

India's imported inflation rose to 2% in September 2024, the highest in 13 months, largely due to increased costs of gold, oils, and chemicals, according to a State Bank of India report. Gold imports surged to $10.06 billion, a significant increase from $4.94 billion a year prior. Overall retail inflation also climbed to 5.5%, driven mainly by food prices, reflecting the growing impact of global price fluctuations on the Indian economy.

October 17, 2024
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