India’s retail inflation surged to a 5-month high in September, surpassing RBI’s upper margin of 6 per cent for the ninth consecutive time.

• Retail inflation, measured using the Consumer Price Index (CPI), has increased from 7 per cent in August to 7.4 per cent in September this year.
• CPI inflation in the January-March quarter averaged 6.3 per cent, in April-June it was 7.3 per cent and now, in July-September it is 7 per cent.
• With this, the CPI inflation has completed three full years above the central bank’s medium-term target of 4 per cent and outside the mandated 2 to 6 per cent for three consecutive quarters.