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Retail Inflation Rises to 5.54% in September, Exceeding RBI's 4% Target

India's retail inflation rose to 5.54% in September, exceeding the Reserve Bank of India's target of 4% for the fourth consecutive month. This increase from August's 4.83% was reported by the Ministry of Statistics and Programme Implementation. Notably, inflation in rural areas reached 6.08%, while urban inflation was recorded at 4.88%. The surge in food prices, particularly for items like onions and silver jewellery, significantly contributed to this rise in inflation.

The Radius summarizes this story. Read the original report from TRN Business.