NDTV·3 min read·medium
Retail Inflation Shoots Up To 5.54% In September, Onion Prices Double
✦AI Summary
Retail inflation in India has risen to 5.54% in September, driven significantly by a sharp increase in onion prices. This follows the Reserve Bank of India's decision to hike the repo rate to 5.50% to combat inflationary pressures.
Why it matters
Rising inflation directly impacts the cost of living for citizens and influences national monetary policy.
The figure was released day after the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) hiked the…
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