Days after RBI rate hike, data shows inflation jumped to 5.54% in September
India's inflation rate rose to 5.54% in September, up from 4.83% in August, following a recent interest rate hike by the Reserve Bank of India. Food inflation surged to 7.74%, contributing to the overall increase. Economists suggest another rate hike in December is likely as the RBI aims to maintain inflation within its target band of 2-6%.