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…