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India inflations jumps for the 11-straight month, raising prospects of a further interest rate hike
India's inflation is estimated to have accelerated to 5.4% in September, up from 4.82% in August, according to a Reuters poll of economists. The rise is driven by oil and food costs, prompting the RBI to raise key interest rates for the first time in four years.
Retail inflation based on the consumer price index (CPI) rose to a nine-month high of 5.5% in Sept (y-o-y) from 4.8% in Aug, on account of a surge in food prices, which strained household costs, National Statistics Office data released Monday showed. This was the first time that retail inflation crossed the 5% mark…