Economists delay India rate cuts to 2025 after Sept retail inflation spike

Quick Summary:

Food inflation, which accounts for nearly half of the consumption basket, rose to 9.24 per cent in September, compared to 5.

Overall Cargo volumes expected grow 9-11% to 3.

High-frequency indicators such as the manufacturing PMI slowed to an eight-month low in September, while the services PMI eased to a 10-month trough, latest data showed.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Rate cuts 2025 India interest rates September inflation spike Monetary policy Economic forecast Inflation RBI Economists predictions Retail inflation Food prices

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-15 @ 11:49:20 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 544 words

Reading Time: 4 minutes read

Sentences: 13 lines

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Copyright Owner: © Business Standard

News ID: 23068377

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