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India’s retail inflation on steady rise on the back of high food prices, may inch up to 7.3% -Lalit Kumar

-Financial Express

The numbers projected in Barclays report are the result of an uptick in prices of staples such as cereals, pulses, vegetables, spices, and dairy. As a result, the food inflation could rise to 8.5 per cent on-year in September, the report added.

Buoyant food prices may drive India’s retail inflation to 7.3 per cent on-year in September – 30 basis points higher than that in August, according to a forecast released by Barclays. If so, this will be the ninth consecutive month when the inflation rate remained above RBI’s inflation target band of 4 per cent with +/- 2 per cent variation. The numbers projected in Barclays report are the result of an uptick in prices of staples such as cereals, pulses, vegetables, spices, and dairy. As a result, the food inflation could rise to 8.5 per cent on-year in September, the report added.

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