India Tasso Di Inflazione

The annual inflation rate in India rose to 5.49% in September of 2024 from 3.65% in the previous month, well above market estimates of 5%. It was the highest inflation rate since the start of the year, overshooting the RBI’s target of 4% after dropping below the threshold in the first two months of the September quarter, thus jeopardizing previous expectations of the imminent start of rate cuts by the central bank. Inflation surged for food (9.24% vs 5.66% in August), which represents close to half of the Indian consumer price basket, amid soaring price increases for vegetables (35.99%), pulses and products (9.81%), and (7.65%). Prices also accelerated for housing (2.78% vs 2.66%), and fell at a slower pace for fuel and light (-1.39% bs -5.31%). From the prior month, the Indian CPI rose by 0.6%.