Inflation & Prices
India Gets Temporary Inflation Relief, Keeping RBI on Guard
- CPI eases to 4.87% in October, wholesale prices decline
- Economists predict central bank will keep rates on hold
This article is for subscribers only.
India’s inflation eased for a third straight month in October, although it’s likely to bring only temporary relief to policymakers still worried about rising food costs before elections.
The consumer price index rose 4.87% from a year earlier, statistics ministry data showed Monday, down from 5.02% in September, but slightly higher than economists had estimated.