Daily Market Updates: India retail inflation rises to 5.54% in September

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India retail inflation rises to 5.54% in September

The annual rate climbed for the 11th straight month, and policymakers face renewed pressure to consider another interest-rate hike, CNBC Economy said.

Reported · Written up by our desk · India

India’s retail inflation rose to 5.54% in September, according to CNBC Economy, coming in above expectations.

The increase marked the 11th consecutive month of rising inflation, CNBC Economy added.

With inflation still trending higher, the data increases the odds of a further interest rate hike, CNBC Economy said.

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Sources

CNBC EconomyIndia’s retail inflation jumps to 5.54% in September, above estimates

Global Markets

India retail inflation rises to 5.54% in September

More like this

Sources

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