India's Inflation Likely Hit 5.4% in September as Oil Costs Bite

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Economists surveyed by Reuters expect India's inflation to have risen to 5.4% in September from 4.82% in August, citing higher oil, energy and food costs. The report notes that energy price increases are spreading beyond transport into other consumer prices.

India’s inflation is estimated to have accelerated to 5.4% in September, up from 4.82% in August, on the back of soaring oil prices and energy and food costs, a Reuters poll of economists showed on Thursday. The forecasts of the 41 economists surveyed by Reuters ranged from 4.9% to as much as 5.9%. Apart from food and beverage inflation, “we are also beginning to see clearer evidence of energy prices spilling over into other parts of the ‌CPI, rather than just transport,” ANZ economist Dhiraj Nim told Reuters. Accelerating…