💨 Abstract

India's wholesale inflation rose to 1.84% in September, driven by higher food prices, especially for vegetables and cereals. Manufactured product prices increased by 1%, while fuel and power prices dropped. The Reserve Bank of India (RBI) left interest rates unchanged but shifted its stance to "neutral," potentially signaling rate cuts. However, rising global oil prices due to Middle East conflict could trigger inflation in oil-dependent India.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖