Economy

Retail Inflation Rises to 5.54% in September Driven by High Onion Prices

Hindustan Times2h
THE BRIEF
1

India's retail inflation based on the consumer price index rose sharply to 5.54 percent in September from 4.83 percent in August.

2

Food inflation surged to 7.74 percent, with onion inflation reaching 108.09 percent according to National Statistics Office data.

3

The Reserve Bank of India recently raised its benchmark repo rate by 25 basis points to 5.50 percent amid rising price pressures.