India's retail inflation jumps to 5.54% in Sept; highest under new CPI series
India's retail inflation rose to 5.54% in September, the highest under the new Consumer Price Index series, up from 4.83% in August. This increase may prompt the Reserve Bank of India to consider another rate hike, affecting borrowers with floating interest rates. The central bank last raised rates in February 2023, responding to persistent inflationary pressures.