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Sept retail inflation at 6-month high on GST, public sector pay rise: Poll

Consumer inflation is forecast to have risen to 3.60 percent in September from a year ago

Reuters  |  BENGALURU 

India's retail inflation edged up in September, driven by higher salaries of government employees as well as the impact of the Goods and Services Tax (GST), a Reuters poll found, a development that would make further monetary policy easing unlikely. Consumer inflation is forecast to have risen to 3.60 percent in September from a year ago, above August's 3.36 percent, the poll of 36 economists showed. The data is due to be released on Oct. 12 at 1200 GMT. If the September number matches the poll consensus, inflation would be the highest in six months - yet still below the ...

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First Published: Wed, October 11 2017. 13:35 IST
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