Retail inflation soars to 14-month high on higher food prices
Retail inflation sharply accelerates to 3.99% in September
Wholesale price inflation decelerates to a three-year low at 0.33% in Sep, compared with 1.08% in Aug
NEW DELHI : India’s retail inflation sharply accelerated in September to a 14-month high at 3.99%, almost touching the central bank’s medium-term target of 4%, as food inflation nearly doubled to 5.1%. The high retail inflation could limit the Reserve Bank of India’s (RBI’s) ability to further cut policy rates.