India's October consumer inflation likely nears top of RBI target on food costs, Reuters poll
FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM
India's consumer inflation is projected to rise in October, mainly driven by significant increases in food prices. Economists expect food inflation to reach 8.20%, reflecting ongoing market pressures. Rising global food prices and higher input costs contribute to the…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishInflation near the top of the RBI target with a possible rate hike weighs on Indian markets.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Economists expect food inflation to reach 8.20%.
- 02The RBI anticipates inflation averaging 5.2% this financial year.
- 03A rate hike is likely at the central bank's upcoming policy meeting.