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India's Retail Inflation Quickens to 5.54% in September From 4.83% in August, Hits Near Two-Year High
The reading topped the Reuters poll forecast of 5.40% and pushed the Reserve Bank of India toward further tightening.
- On Monday, the Ministry of Statistics and Programme Implementation reported India's headline inflation rose to 5.54% in September from 4.82% in August, pressuring the Reserve Bank of India to tighten monetary policy.
- Food inflation drove the surge, climbing sharply to 7.74% in September from 5.97% in August, as India experienced 11 straight months of rising prices reaching a 22-month high.
- Last week, the Reserve Bank of India raised the policy repo rate by 25 basis points to 5.5%, shifting its stance to "calibrated tightening" amid warnings of elevated inflation expectations.
- The consumer price index print exceeded economists' expectations of 5.40% according to a Reuters poll, with analysts noting, "This may not be a deep tightening cycle, but a tightening cycle it is."
- Despite elevated international commodity prices and Middle East tensions, the RBI raised its GDP growth projection for 2026-27 to 7.1% from 6.7%, though officials cautioned that geopolitical frictions could weigh on economic activity.
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Consumer Inflation Rises to 5.54% in September from 4.83% in August
Get latest articles and stories on Business at LatestLY. India's retail inflation rose to 5.54 per cent in September from 4.83 per cent in August, driven by a sharp increase in food inflation, which climbed to 7.74 per cent from 5.97 per cent in the previous month, according to data released by the Ministry of Statistics and Programme Implementation on Monday. Business News | Consumer Inflation Rises to 5.54% in September from 4.83% in August.
·Mumbai, India
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Inflation Attack in India: Bad news has arrived just as the festive season has begun. Inflation has hit the country hard. Retail inflation in September exceeded expectations, reaching 5.54%.
Coverage Details
Total News Sources34
Leaning Left3Leaning Right9Center6Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 17%
C 33%
R 50%
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