India's Inflation Likely Accelerated to 5.4% in September Amid Rising Oil and Energy Costs
Source Summary
India's inflation is estimated to have risen to 5.4% in September from 4.82% in August, according to a Reuters poll of 41 economists. The acceleration is driven by soaring oil prices and increased energy and food costs. Economists surveyed forecast inflation ranging from 4.9% to 5.9%, with evidence that energy price increases are spreading beyond transport into other consumer price index components.
Why it matters
Accelerating inflation in India's largest economy affects monetary policy decisions and purchasing power for consumers and businesses across the region.
What remains uncertain
The exact September inflation figure remains preliminary; economist forecasts range from 4.9% to 5.9%.
