Retail inflation likely hit 23-month high of 5.6% in September

Retail inflation is projected to have climbed to 5.6% in September, marking a 23-month high, according to a poll by Mint. If the figure materialises as anticipated, it would represent the fourth consecutive month that inflation has exceeded the Reserve Bank of India's medium-term target of 4%.

The projection highlights persistent inflationary pressures in the economy. The RBI has been monitoring price growth closely as it shapes monetary policy decisions. Sustained inflation above the central bank's comfort level could influence future interest rate decisions.

The September retail inflation reading will be closely watched by market participants, economists and policymakers as a key indicator of price trends in the broader economy.