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India inflation jumps to 5.54% in Sept, strengthening case for further rate hikes
NEW DELHI: India’s 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 and strengthening the case for further rate hikes as the Iran war and weak monsoon-led price pressures ripple through the economy. The September print was marginally higher than economists’ 5.4% forecast in a Reuters poll, marking the fourth consecutive month inflation has remained above the Reserve Bank of India’s 4% medium-term target and its highest level this year under the current series. It stood at 4.83% in August. Inflation in Septemb...
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