India’s Inflation Surge Hits 14-Month High, Casting Doubt on Interest Rate Cuts
India’s retail inflation spiked to a 14-month high of 6.2% in October 2024, driven primarily by soaring food prices, especially in key vegetables like tomatoes, onions, and potatoes. This inflation level exceeded the Reserve Bank of India’s (RBI) target range, raising concerns about potential delays in anticipated interest rate cuts. These rising costs could weigh … Read more