India's October Inflation Likely Nears RBI Upper Limit
Economists polled by Reuters expect India's consumer inflation to rise in October, mainly because food prices are climbing. Food inflation is projected at 8.20%. Higher global food prices and input costs add to the pressure, which could push inflation near the top of the Reserve Bank of India's target range.
Context
Context: The RBI aims to keep retail inflation around 4%, within a band of 2 percentage points on either side. Food makes up a large share of household spending, so rising food prices hit ordinary families hardest.
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