The worry for RBI in August inflation data: Jump in sugar and chip prices
India's headline retail inflation rose to 4.82% in August, driven by increases in sugar and chip prices. This marks an eight-month high, prompting economists to predict a 25 basis point hike in the Reserve Bank of India's policy repo rate on October 7. The upcoming CPI data for September may show inflation exceeding 5%, intensifying pressure on the RBI.