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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.
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