India's Retail Inflation Rises to 5.49% in September

Driven by a sharp increase in food prices, India's inflation rate surged significantly from the previous month, impacting household expenses.

Retail inflation in India climbed to 5.49% in September 2024, up from 3.65% in August, according to government data.
The Consumer Food Price Index saw a substantial increase, with food inflation reaching 9.24%, largely due to higher costs of vegetables, pulses, and cereals.
Vegetable prices experienced a dramatic rise of 35.99%, contributing significantly to the overall inflation spike.
Wholesale Price Index also rose, with food items showing an inflation rate of 11.53%, highlighting pressures in the supply chain.
The Reserve Bank of India maintained its key lending rate earlier this month, with expectations of inflation easing in the coming months.