Retail inflation in India touched a five-month high of 7.41 per cent in September. This is the ninth time the inflation has stayed above the Reserve Bank of India's (RBI) upper tolerance level of 6 per cent.
The RBI has been mandated by the centre to keep the inflation between 2 and 6 per cent for a five-year period ending March 2026.
Since the start of the Russia-Ukraine war in February, almost all the economies have been facing high inflation mainly driven by high commodity costs, and supply chain constraints.
Russia's inflation in September touched 13.7 per cent, 4.1 percentage