India's CPI Inflation Rises To Nine-Month High Of 5.5% In September, Above RBI’S Q2 Projections: Anand Rathi

Food inflation rose over 300 basis points due to the sharp rise in vegetable prices, owing to an unfavorable base, adds the brokerage.

(Source: Sehajpal Singh/ Unsplash)

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Anand Rathi Report

The Consumer Price Index inflation rose sharply to 5.5% in September 2024, from 3.7% in August 2024. After remaining lower for two consecutive months, inflation rose above the RBI’s target of 4% and the projections for Sep-24.

Core inflation also picked up as most service items inflation rose. Non-core inflation rose to a nine-month high due to rise in food inflation, driven by the significant increasein vegetable prices.

Click on the attachment to read the full report:

Anand Rathi CPI Update September.pdf
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Also Read: September CPI Data: India's Retail Inflation Rises To A Nine-Month High Of 5.49%

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