BusinessPhoto: Deccan HeraldIndia's Retail Inflation Hits 5.54% in September, Near RBI Threshold
India's retail inflation reached 5.54% in September, nearing the Reserve Bank of India's 6% tolerance limit. Food inflation rose to 7.74%, with rural food inflation at 8.06%. Wholesale prices surged 11.39%. Key items like onions, sugar, and sunflower oil saw significant price hikes. Inflation pressures stem from rising crude prices due to West Asia conflict, a weak rupee, and poor monsoon causing drought conditions and higher transport costs.
Deccan Herald·



