India September Inflation Jumps to 5.54%, Nearing 6% Ceiling
Retail inflation reached 5.54% in September, nearing the upper end of the central bank’s 2%-6% tolerance band. The report said price pressures linked to the Iran war and a weak monsoon strengthened the case for further rate hikes.
54% in September, data released on Monday showed. The reading approached the upper limit of the central bank’s 2%-6% tolerance band, bolstering the case for additional rate hikes as price pressures linked to the Iran war and a weak monsoon spread through the economy.