India's headline inflation rose to 5.54% in September from 4.82% in August, above the 5.40% expected in a Reuters poll, marking an 11th straight monthly increase and a 22-month high. Food inflation climbed to 7.74% from 5.97%, and transport services for goods rose 14.73%. The Reserve Bank of India raised rates earlier this month for the first time since 2023 and said further cuts were off the table in the near term, while projecting 5.2% headline inflation for the year ending March 2027. Inflation risks include supply disruptions from the Iran war, with India importing nearly 85% of its fuel, and drought conditions after the lowest June-to-September rainfall in over a decade.
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Original headline: India’s retail inflation jumps to 5.54% in September, above estimates
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