Indira Rajaraman: It pays to track of popular perceptions of public policy
6 days, 22 hours ago

Indira Rajaraman: It pays to track of popular perceptions of public policy

Live Mint  

Public policy is so termed because it is done for us the people, the public. The Reserve Bank of India conducts a six-monthly survey of 3-month and 1-year ahead inflation expectations, termed Subjective Inflation Expectations in the economics literature. The average expectation across households in the sample, hovering around 10 % over the last ten years, has consistently remained well above recorded inflation rates. The chart shows no decline in average SIE after inflation targeting began in 2016, although there is some rough consonance between variations in household inflation expectations and movements in recorded inflation. Ever since 800 million beneficiaries under the National Food Security Act were given subsidized cereals, now free after merger with the Pradhan Mantri Garib Kalyan Anna Yojana, cereal prices no longer dominate inflation perceptions.

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History of this topic

India’s wholesale inflation dips to 1.89% in November after hitting four-month high in October
Trending News
3 weeks, 2 days ago

India’s wholesale inflation dips to 1.89% in November after hitting four-month high in October

Firstpost  

Headline retail inflation, the key target for the Reserve Bank of India’s monetary policy decisions, eased to 5.48% in November, down from 6.21% in the prior month India’s wholesale inflation slowed in November to 1.89% year-on-year, easing from the previous month, due to a smaller increase in food prices, government data showed on Monday. The wholesale inflation rate, a proxy …

Mint Quick Edit: Lower inflation raises the likelihood of an RBI rate cut
Trending News
3 weeks, 6 days ago

Mint Quick Edit: Lower inflation raises the likelihood of an RBI rate cut

Live Mint  

As luck would have it, Sanjay Malhotra’s assuming charge of the Reserve Bank of India has been accompanied by a notable drop in inflation. Measured by the consumer price index, India’s inflation rate fell to 5.5% in November, compared with 6.2% in October, according to government data released on Thursday. October’s reading was the highest in 14 months, but November’s …

Retail inflation slows down in November
3 weeks, 6 days ago

Retail inflation slows down in November

Deccan Chronicle  

New Delhi: With the significant easing of food prices, especially vegetables, India’s retail inflation slowed to 5.48 per cent in November as compared to 6.21 per cent in October. “But the CPI-based headline inflation increased from an average of 3.6 per cent during July-August to 5.5 per cent in September and further to 6.2 per cent in October 2024, the …

Retail inflation slows slightly at 5.48%
3 weeks, 6 days ago

Retail inflation slows slightly at 5.48%

Hindustan Times  

Retail inflation rose to 5.48% last month, a slower pace of increase compared to 6.21% in October, data from the Ministry of Statistics and Programme Implementation showed on Thursday. Despite the slowing pace of growth in prices, the Consumer Price Index-based rate of retail inflation stayed above the Reserve Bank of India’s 4% tolerance level, with two percentage points of …

Retail inflation eases to 5.48% in November from above 6% in October
4 weeks ago

Retail inflation eases to 5.48% in November from above 6% in October

India Today  

India's retail inflation cooled to 5.48% in November, slipping below the Reserve Bank of India’s upper tolerance band of 6% after breaching it in October. "High inflation reduces the disposable income in the hands of consumers," Das noted, adding that food inflation could stay elevated through the third quarter of FY25 before easing. Expected revisions could lower food’s weightage by …

Retail inflation eases to 5.48% in November as compared to 6.21% in October, check main reasons
Trending News
4 weeks ago

Retail inflation eases to 5.48% in November as compared to 6.21% in October, check main reasons

India TV News  

India's retail inflation has declined to 5.48 per cent in November compared to 6.21 pewr cent in October, mainly due to easing food prices, especially vegetables, according to government data released on Thursday. According to Consumer Price Index data released by the National Statistics Office, the inflation in the food basked reduced to 9.04 per cent in November. The CPI-based …

India’s Inflation Story: Here are five key things you should know
4 weeks ago

India’s Inflation Story: Here are five key things you should know

Live Mint  

India's inflation is at its 14-month peak, according to October 2024 data from the Ministry of Statistics and Programme Implementation. According to data released by the Ministry of Statistics and Programme Implementation on November 12, India's consumer price index inflation rose to 6.2 per cent in October 2024, compared to 5.49 per cent in September 2024. Finance Ministry's Inflation Target: …

Inflation likely eased to 5.5% in November: Mint poll
4 weeks ago

Inflation likely eased to 5.5% in November: Mint poll

Live Mint  

India’s retail inflation is expected to have eased to 5.5% in November from 6.2% the previous month, driven by a seasonal decline in vegetable prices, according to a Mint poll of 16 economists. Even if inflation moderated in November, it would still have exceeded the Reserve Bank of India's medium-term target of 4% in all but two months since September …

​Staying the course: On the RBI and inflation
Trending News
1 month ago

​Staying the course: On the RBI and inflation

The Hindu  

The Reserve Bank of India’s Monetary Policy Committee, in its latest bi-monthly review, has decided to maintain status quo on the benchmark interest rate of 6.50% for the eleventh consecutive time. India’s retail inflation, after trending below the median 4% target, for the first time in five years, for two months, spiked over September and October, with food prices leading …

RBI must restore balance between inflation, growth
1 month ago

RBI must restore balance between inflation, growth

New Indian Express  

Despite the disappointing slump in economic growth, the RBI on Friday left the benchmark policy repo rate unchanged at 6.5 percent amid inflationary pressures. Maintaining a firm stance on inflation control, Governor Shaktikanta Das stressed that the central bank needed “more credible evidence” on the disinflationary process, which he said was getting prolonged and arduous. As Das rightly noted, there …

RBI must restore balance between inflation, growth
1 month ago

RBI must restore balance between inflation, growth

New Indian Express  

Despite the disappointing slump in economic growth, the RBI on Friday left the benchmark policy repo rate unchanged at 6.5 percent amid inflationary pressures. Maintaining a firm stance on inflation control, Governor Shaktikanta Das stressed that the central bank needed “more credible evidence” on the disinflationary process, which he said was getting prolonged and arduous. As Das rightly noted, there …

Unchecked 'sticker shock' from inflation can hurt manufacturing and economy, RBI says
1 month, 2 weeks ago

Unchecked 'sticker shock' from inflation can hurt manufacturing and economy, RBI says

Hindustan Times  

The Reserve Bank of India said if inflation is allowed to run unchecked, it can undermine the prospects of India's economy, especially for industry and exports. The Reserve Bank of India seal is pictured on a gate outside the RBI headquarters in Mumbai, India, February 2, 2016 This comes after the headline consumer price index inflation rose above the upper …

Govt may include e-commerce data, expand coverage to improve calculation of retail inflation
1 month, 2 weeks ago

Govt may include e-commerce data, expand coverage to improve calculation of retail inflation

Live Mint  

New Delhi: The government has proposed including e-commerce data to prepare a new base year to measure retail inflation, as part of a broader initiative to better reflect contemporary consumer spending patterns. The proposed revisions to the Consumer Price Index include leveraging modern data collection techniques such as sourcing price information from e-commerce platforms, expanding coverage beyond the major cities, …

India’s central bank should adhere to its inflation-targeting mandate
Trending News
1 month, 2 weeks ago

India’s central bank should adhere to its inflation-targeting mandate

Live Mint  

Less than four years after the government concluded its review of India’s inflation-targeting regime in April 2021 and opted to keep both its target and nitty-gritty—its target range, indicator, etc—unchanged, its view of inflation targeting seems to be shifting. After commerce and industry minister Piyush Goyal and then finance minister Nirmala Sitharaman called for lower interest rates, on Tuesday chief …

Wholesale inflation rises to 2.36 per cent in October mirroring retail figures, food costs up 11.59 per cent
1 month, 3 weeks ago

Wholesale inflation rises to 2.36 per cent in October mirroring retail figures, food costs up 11.59 per cent

India TV News  

In line with the uptick in retail inflation, wholesale inflation in India too witnessed a sharp spike in October. The annual rate of inflation based on all India Wholesale Price Index number is 2.36 per cent for the month of October, 2024. For food index, which has 24.38 per cent weightage, the rate of wholesale inflation was at 11.59 per …

October inflation wipes off rate cut hopes in Dec policy
1 month, 3 weeks ago

October inflation wipes off rate cut hopes in Dec policy

Deccan Chronicle  

Mumbai:With India’s October inflation registering the fastest pace of rise in over a year, a rate cut in the December 2024 policy review appears ruled out despite a slowing economy, said economists. Aditi Nayar, Chief Economist at ICRA Ltd said, “With the CPI inflation breaching the 6 per cent mark in October 2024 and expected to exceed the MPC's estimate …

India's consumer inflation at 14-month high of 6.2%, first breach of RBI tolerance band since Aug 2023
1 month, 3 weeks ago

India's consumer inflation at 14-month high of 6.2%, first breach of RBI tolerance band since Aug 2023

Firstpost  

Last month, inflation had already surpassed the RBI’s medium-term target of 4 per cent for the first time since July. The October spike marks the first time in 14 months— since August 2023— that the inflation rate exceeded the Reserve Bank of India’s tolerance ceiling of 6 per cent. Upasna Bhardwaj, the Chief Economist at Kotak Mahindra Bank, Mumbai, said …

India’s 14-month high retail inflation fades hope of December rate cut
Trending News
1 month, 3 weeks ago

India’s 14-month high retail inflation fades hope of December rate cut

Live Mint  

New Delhi: India’s retail inflation accelerated in October to its highest in over a year largely due to heated food prices, tempering expectations of a rate cut when the central bank’s monetary policy panel meets early next month. India’s retail inflation also breached the Reserve Bank of India’s medium-term target of 2-6% for the first time in over a year—which, …

Can October CPI inflation numbers alter RBI’s monetary policy path?
1 month, 4 weeks ago

Can October CPI inflation numbers alter RBI’s monetary policy path?

Live Mint  

October CPI inflation: The spectre of inflation continues haunting investors as economists and experts expect India's Consumer Price Index -based inflation, also known as retail inflation, to inch closer to the RBI's upper tolerance band of 6 per cent. According to a Reuters poll of economists, a spike in vegetable and edible oil prices may have shot up India's CPI …

Retail inflation at a 14-month high, rises to 6.21% in October
Top News
1 month, 4 weeks ago

Retail inflation at a 14-month high, rises to 6.21% in October

India Today  

Retail inflation in India rose to 6.21% in October, up from 5.49% in September 2024, marking a sharp increase driven by high food prices. Inflation in October climbed above the Reserve Bank of India's 6% tolerance threshold, marking the first breach of this level in 14 months since August 2023. Upasna Bhardwaj, Chief Economist, Kotak Mahindra Bank said, "The sharply …

RBI MPC Oct 2024: Retail Inflation Estimated At 4.5 Per Cent For FY25, Food Prices To Ease In Q4
2 months, 4 weeks ago

RBI MPC Oct 2024: Retail Inflation Estimated At 4.5 Per Cent For FY25, Food Prices To Ease In Q4

ABP News  

RBI MPC October 2024: The Reserve Bank of India ’s Monetary Policy Committee revealed its decision on Wednesday on key rates and decided to maintain the status quo. Governor Shaktikanta Das revealed that the CPI retail inflation for the 2024-25 fiscal year is projected at 4.5 per cent. The inflation figure for the second quarter in the current fiscal year …

Business News: Catch All Stock Market and Business Updates in Just 2 Minutes | ABP News
3 months, 3 weeks ago

Business News: Catch All Stock Market and Business Updates in Just 2 Minutes | ABP News

ABP News  

Retail inflation in India is projected to stay below 4% for August 2024, according to recent reports. The Consumer Price Index, a key measure of retail inflation, is expected to remain within this range due to various factors influencing the market. Additionally, the prices of essential goods and services have not seen major spikes, contributing to the overall lower inflation …

Inflation control: India doing better than advanced economies like US and Germany, says SBI report
3 months, 3 weeks ago

Inflation control: India doing better than advanced economies like US and Germany, says SBI report

Live Mint  

India has shown a largely successful inflation-targeting regime compared to advanced economies like the United States and Germany, reported ANI, quoting a State Bank of India research report. “India had a largely successful inflation targeting regime, compared to advanced economies like the USA and Germany,” as per the report. The SBI report cited government initiatives, Reserve Bank of India measures, …

‘Abandoning RBI’s inflation target regime could be risky, counterproductive’
4 months, 2 weeks ago

‘Abandoning RBI’s inflation target regime could be risky, counterproductive’

The Hindu  

The Reserve Bank of India's inflation targeting regime has worked well and need not be abandoned in favour of a more discretionary regime that could be risky and counterproductive, a new research paper has said. The paper titled 'Inflation Targeting In India: A Further Assessment' said the weight of food-price inflation in the CPI inflation basket should be reduced to …

Retail inflation drops to 3.5% in July, hitting a near 5-year low
4 months, 4 weeks ago

Retail inflation drops to 3.5% in July, hitting a near 5-year low

India Today  

Retail inflation in July eased to 3.54%, marking a sharp decline after it rose in the previous month. "There is sharp decline in the year-on-year inflation rate based on the All India Consumer Price Index number for the month of July 2024, which is the lowest in the last 59 months," the government's press release said. "Year-on-year inflation rate based …

Retail inflation at 4-month high, rises to 5.08% in June
5 months, 4 weeks ago

Retail inflation at 4-month high, rises to 5.08% in June

India Today  

Retail inflation surged to 5.08% in June, rising to a 4-month high on an annual basis from 4.80% in May last month, as per government data released on Friday, July 12, 2024. "Year-on-year inflation rate based on All India Consumer Price Index number is 5.08% for the month of June, 2024. CPI data for June The inflation rate has stayed …

Fed’s Powell Testifies as Inflation, Hiring Cool
6 months ago

Fed’s Powell Testifies as Inflation, Hiring Cool

Live Mint  

-- Jerome Powell is likely to tell lawmakers that Federal Reserve officials need further confirmation inflation is slowing before they’re in a position to cut interest rates, even with evidence building of softer growth and employment. Asia China may get some mildly positive news on prices, with data Wednesday expected to show consumer inflation ticked higher in June and factory-gate …

Retail inflation eases to 12-month low
6 months, 3 weeks ago

Retail inflation eases to 12-month low

Deccan Chronicle  

New Delhi: With the decline of food prices and kitchen items, India’s headline retail inflation eased to a 12-month low of 4.75 per cent in May on an annual basis from 4.83 per cent in April, while the industrial output slowed to a three-month low of 5 per cent in April as against 5.4 per cent in March this year, …

India’s retail inflation eases to 12-month low of 4.75 per cent in May
6 months, 4 weeks ago

India’s retail inflation eases to 12-month low of 4.75 per cent in May

India TV News  

Retail inflation: Retail inflation eased to a 12-month low of 4.75 per cent in May as prices of some kitchen items declined marginally, according to government data released on Wednesday. The Consumer Price Index based retail inflation was 4.83 per cent in April 2024 and 4.31 per cent in May 2023. Inflation in the food basket was 8.69 per cent …

India's wholesale inflation rises to 13-month high of 1.26 per cent in April
7 months, 3 weeks ago

India's wholesale inflation rises to 13-month high of 1.26 per cent in April

India TV News  

Wholesale inflation: India's wholesale inflation in India, based on the Wholesale Price Index, surged to 1.26 per cent in April on an annual basis, marking a notable increase from the 0.53 per cent recorded in March and reaching a 13-month high, data from the Commerce Ministry on Tuesday showed. Wholesale inflation saw a second consecutive month of increase in April, …

DC Edit | Cautious RBI targets inflation
9 months ago

DC Edit | Cautious RBI targets inflation

Deccan Chronicle  

The Reserve Bank of India-led Monetary Policy Committee has once again kept the policy repo rate unchanged at 6.5 per cent. Retail inflation hovered around 5.1 per cent during January and February 2024, which is a marginal decline from 5.7 per cent in December 2023. Food inflation — which is the most important focus area for the world’s populous country …

RBI Monetary Policy | MPC holds rate at 6.5% to tame inflation, FY25 real GDP growth projected at 7%, CPI inflation at 4.5%
9 months ago

RBI Monetary Policy | MPC holds rate at 6.5% to tame inflation, FY25 real GDP growth projected at 7%, CPI inflation at 4.5%

The Hindu  

April 05, 2024 10:08 am | Updated 12:45 pm IST The Monetary Policy Committee on April 5 decided to keep the policy repo rate under the liquidity adjustment facility unchanged at 6.50%. The risks are evenly balanced.” On inflation the Governor said “Two years ago, around this time, when CPI inflation had peaked at 7.8% in April 2022, the elephant …

High food prices prevent swifter fall in inflation to 4% target, says RBI bulletin
9 months, 2 weeks ago

High food prices prevent swifter fall in inflation to 4% target, says RBI bulletin

Live Mint  

Food price pressures are deterring a swifter fall in headline inflation towards the target of 4 per cent, the Reserve Bank of India said in its monthly bulletin for March 2024, released on Tuesday. “Even as inflation is on the ebb with broad-based softening of core inflation, the repetitive incidence of short amplitude food price pressures deters a swifter fall …

Wholesale Inflation Increases to 0.73% in December, Food Prices Rise Sharply
11 months, 3 weeks ago

Wholesale Inflation Increases to 0.73% in December, Food Prices Rise Sharply

News 18  

The Wholesale Price Index -based inflation rose in December 2023 to 0.73 per cent, mainly due to a sharp rise in food prices. Food inflation rose to 9.38 per cent in December from 8.18 per cent in November 2023. Meanwhile, India’s retail inflation, based on the Consumer Price Index, in December 2023 increased to a 4-month high of 5.69 per …

MPC minutes: Inflation outlook clouded by food prices, weather shocks, says RBI Guv
1 year ago

MPC minutes: Inflation outlook clouded by food prices, weather shocks, says RBI Guv

Hindustan Times  

Reserve Bank of India governor Shaktikanta Das, in the December’s monetary policy meet, said that there is uncertain inflation outlook due to volatile food prices and weather shocks, according to minutes of the meeting released on Friday. During the monetary policy committee meeting held between December 6 to 8, all members — Shashanka Bhide, Ashima Goyal, Jayanth R. Varma, Rajiv …

What causes inflation in India: Demand or supply issues? | Data
1 year ago

What causes inflation in India: Demand or supply issues? | Data

The Hindu  

December 22, 2023 05:30 pm | Updated 05:37 pm IST Typically, inflation in India is primarily influenced by factors related to supply but there are times when demand factors also play a significant role, according to an article published by the Reserve Bank of India as a part of their December bulletin. Using the Centre for Monitoring Indian Economy’s consumer …

Retail inflation is stable now, asserts Finance Minister Nirmala Sitharaman
1 year ago

Retail inflation is stable now, asserts Finance Minister Nirmala Sitharaman

The Hindu  

December 11, 2023 02:14 pm | Updated 04:17 pm IST - NEW DELHI The country’s consumer price inflation is now “stable” and within the official tolerance band of 2% and 6%, Finance Minister Nirmala Sitharaman conveyed to the Lok Sabha on Monday, attributing the weakening price rise pressures largely to a steady drop in core inflation. The core inflation has …

Inflation preview: India’s CPI expected to be around 4.6-4.9% in October
1 year, 1 month ago

Inflation preview: India’s CPI expected to be around 4.6-4.9% in October

Live Mint  

Thanks to easing food inflation, India's October retail inflation, or consumer price index -based inflation, is expected to come in the range of 4.6-4.9 per cent. According to a Mint poll of 17 economists, India’s retail inflation likely cooled to 4.8 per cent in October from 5 per cent in September. Rahul Bajoria, MD & Head of EM Asia Economics, …

Growth getting stronger foothold, inflation coming under control, says RBI Governor Shaktikanta Das
1 year, 1 month ago

Growth getting stronger foothold, inflation coming under control, says RBI Governor Shaktikanta Das

The Hindu  

Reserve Bank Governor Shaktikanta Das on November 9 said economic growth in India is getting stronger foothold while inflation is also coming under control driven by the inherent dynamism and a prudent policy mix. Driven by its inherent dynamism and supported by a prudent policy mix, growth is getting stronger foothold while inflation is also coming under control," the governor …

Fear factor: The Hindu Editorial on the inflation battle
1 year, 2 months ago

Fear factor: The Hindu Editorial on the inflation battle

The Hindu  

Inflation faced by consumers eased to 5% in September, bringing some relief after a sharp rally in prices that began with July’s 15-month high inflation rate of 7.44%. So, September’s 5% inflation, which was partly aided by base effects from 2022 when the inflation pace was 7.4% and partly by a sharp dip in volatile prices of tomatoes and vegetables, …

Retail inflation likely eased in September, but may be higher than RBI hopes
1 year, 3 months ago

Retail inflation likely eased in September, but may be higher than RBI hopes

The Hindu  

India’s retail inflation is likely to have retreated below 6% in September after two months over the central bank’s tolerance threshold, thanks to cooling prices for most essential commodities and food items, barring pulses that are seeing a sustained uptick in market prices. Bank of Baroda economists, who put out a monthly index on essential commodities’ prices, expect consumer price …

RBI forecasts retail inflation at 5.4% for 2023-24: Governor Das
1 year, 3 months ago

RBI forecasts retail inflation at 5.4% for 2023-24: Governor Das

Hindustan Times  

The Reserve Bank of India on Friday its retail inflation forecast unchanged and sees it averaging 5.4 per cent in the financial year 2023-24. The Reserve Bank of India its retail inflation forecast unchanged at 5.4 per cent in the financial year 2023-24. Announcing the bi-monthly monetary policy on Friday, RBI governor Shaktikanta Das said the Monetary Policy Committee unanimously …

Why inflation will keep policymakers guessing, impact festive spending
1 year, 3 months ago

Why inflation will keep policymakers guessing, impact festive spending

India Today  

Offering some relief to consumers, inflation cooled down in August due to easing of food prices, compared to the 15-month high in July. Consumer Price Index -based inflation softened to 6.8 per cent in August, after surging to 7.4 per cent the previous month. Inflation in all commonly constructed non-food CPI categories remained low and unchanged from July: non-food CPI …

Retail inflation eases; food prices still bite
1 year, 3 months ago

Retail inflation eases; food prices still bite

The Hindu  

India’s retail inflation eased slightly to 6.83% in August, from the 15-month high of 7.44% in July, but the rise in food prices remained elevated at around 10% and rural consumers continued to face over 7% inflation. Inflation in cereals moderated marginally from around 13% in July to 11.85% in August but pulses prices maintained their pace, rising 13% again, …

Risky recourse: The Hindu Editorial on the Reserve Bank of India’s Monetary Policy Committee and policy rate
1 year, 4 months ago

Risky recourse: The Hindu Editorial on the Reserve Bank of India’s Monetary Policy Committee and policy rate

The Hindu  

The latest decision by the Reserve Bank of India’s Monetary Policy Committee to leave its policy rate unchanged is a calculated risk taken by the rate setting panel, especially when viewed in light of the upward revision of its inflation forecast. Barely two months after projecting Consumer Price Index-based inflation to average 5.1% over the current fiscal year ending in …

July retail inflation may hit 6-mth high of 6.5%: Poll
1 year, 4 months ago

July retail inflation may hit 6-mth high of 6.5%: Poll

Live Mint  

New Delhi: India’s retail inflation is likely to have hit a six-month high of 6.50% in July, sharply up from 4.81% in June, on account of a surge in vegetable prices, according to a Mint poll of 19 economists. The poll predicts consumer price inflation in the range of 5.5-7.5%, with all but two economists expecting inflation to exceed the …

RBI Monetary Policy: FY24 Inflation Forecast Raised To 5.4 Per Cent On Higher Vegetable Prices
1 year, 4 months ago

RBI Monetary Policy: FY24 Inflation Forecast Raised To 5.4 Per Cent On Higher Vegetable Prices

ABP News  

Reserve Bank of India Governor Shaktikanta Das on Thursday during his address on the Monetary Policy Committee's said that the rate setting panel has made an upward revision to its inflation forecast for 2023-24, raising it by 30 basis points to 5.4 per cent. Driving the full-year inflation forecast hike was that for the second quarter, which is now seen …

RBI revises inflation outlook for 2023-24: CPI forecast now 5.4%
1 year, 4 months ago

RBI revises inflation outlook for 2023-24: CPI forecast now 5.4%

Live Mint  

The Reserve Bank of India has upwardly revised the country’s retail inflation projections for 2023-24 at 5.4 per cent. “Assuming a normal monsoon, retail inflation is revised to 5.4 per cent, with Q2 at 6.2 per cent, Q3 at 5.7 per cent and Q4 at 5.2 per cent. Retail inflation for Q1 2024-25 is projected at 5.2 per cent,” RBI …

Food inflation to drive up India’s CPI to 6.2% in Sep quarter: Morgan Stanley
1 year, 5 months ago

Food inflation to drive up India’s CPI to 6.2% in Sep quarter: Morgan Stanley

Live Mint  

New Delhi: Morgan Stanley on Tuesday said it expects India's retail inflation to leap to 6.2% at the end of the quarter ended September, against its previous forecast of 5.5%, due to higher food inflation. The investment banking and financial services major said that despite its core inflation forecast for India remaining unchanged, it maintains the base case of a …

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