India October Consumer Price Inflation at 7-Month High

By Anant Vijay Kala Features Dow Jones Newswires

India's retail inflation accelerated to a seven-month high in October driven by quicker rises in the prices of food and fuel, government data showed Monday.

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The benchmark consumer-price index rose 3.58% from a year earlier, after a 3.28% increase in September.

Food prices climbed 1.9% from a year earlier, accelerating from a 1.25% rise in September while fuel prices rose 6.36%, quicker than September's 5.56% increase.

The data would diminish the odds of further rate cuts by the Reserve Bank of India as inflation nears the central bank's 4% long-term target, making an overshoot likely later this year.

Write to Anant Vijay Kala at anant.kala@wsj.com

(END) Dow Jones Newswires

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November 13, 2017 07:23 ET (12:23 GMT)