Eye on the price: Retail inflation at 5.54% in September, most on new base

India's retail inflation increased to 5.54% year-on-year in September, the highest since January. This rise is attributed to higher food prices, particularly onions and other essentials. Economists predict inflation could approach 6% in the coming months, influencing upcoming policy decisions. The Reserve Bank of India has indicated a likelihood of rate hikes due to ongoing price pressures. Rural areas experienced sharper inflation increases, outpacing urban regions this month.