💨 Abstract

India's retail inflation in September reached a nine-month high of 5.49%, mainly due to a surge in food prices, particularly vegetables. The RBI expects inflation to average 4.5% in 2024-25 and has changed its monetary policy stance to neutral, potentially opening the door for rate cuts. Unseasonal rains in September and potential disruptions from the Middle East conflict could increase inflation uncertainties.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖