Inflation breaches RBI’s 4% target for fourth straight month
The consumer price index (CPI) rose 5.54% in September, exceeding the Reserve Bank of India's (RBI) 4% target for the fourth consecutive month. This increase raises concerns about inflation, especially after the RBI's recent interest rate hike. The RBI projects inflation to average 5.8% over the next three quarters, complicating its policy decisions.