Retail inflation seen at 5.6% in September, Mint poll says
In short
Retail inflation was likely 5.6% in September, a Mint poll said. If that number is confirmed, it would be above the RBI’s 4% target for the fourth month in a row.
This matters because higher inflation can hurt buyers and keep pressure on interest-rate policy. The final official September figure is not stated.
What the reporting says
Retail inflation is reported to have likely reached a 23-month high of 5.6% in September, according to a Mint poll. The summary says that, if the estimate is confirmed, it would exceed the Reserve Bank of India’s 4% medium-term aim for a fourth straight month. The immediate consequence would be firmer pressure on inflation watchers and policy expectations, but the official September reading is not stated.
Why it matters
Retail inflation is said to have likely reached 5.6% in September, based on a Mint poll. The publisher summary says that would keep inflation above the Reserve Bank of India’s 4% medium-term target for a fourth consecutive month. That would reinforce concern about price pressure for consumers and policymakers, but the official reading and the breakdown behind the estimate are not stated.