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7.4% Retail Inflation Predicted In September: Report

The headline retail inflation of India is predicted to rise to a five-month high of 7.4 per cent in the month of September.

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The headline retail inflation of India is predicted to rise to a five-month high of 7.4 per cent in the month of September. It might even go further up if the food and vegetable prices pick up momentum in the remaining month.

For eight months straight through August, the retail inflation has remained above the Reserve Bank of India's upper tolerance range of 6 per cent.

In the period between October to December, the foreign bank inflation is expected to average at 7 per cent, and 6.4 per cent in the period between January to March. The full-year average projected is 6.9 per cent, which is higher than RBI’s 6.7 per cent estimation.

The inflation target of RBI stands at 4 per cent, with 200 basis points tolerance on either side. The core inflation expectation by Deutsche Bank is to reach 6.1 per cent in September and to average 6 per cent for the current financial year.


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retail inflation