India Economy - 11/11/2024
India's consumer price inflation is rising to a 14-month high of 5.81% in October, driven by increased vegetable and edible oil prices. The central bank's tolerance threshold is 6.0%, while rising import taxes and climate risks are potentially further straining household budgets and inflation forecasts. Sacks are filling with pulses along with price tags at a wholesale market in Kolkata, India, on November 11, 2024. India's consumer price inflation is rising to a 14-month high of 5.81% in October, driven by increased vegetable and edible oil prices. The central bank's tolerance threshold is 6.0%, while rising import taxes and climate risks are potentially further straining household budgets and inflation forecasts. (Photo by Rupak De Chowdhury/NurPhoto) (Photo by Rupak De Chowdhury/NurPhoto)
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