Will October inflation breach 6%? What it means for interest rates, EMIs and GDP growth
According to an Informist poll of 12 economists, CPI-based inflation is projected to rise to 6% in October from 5.54% in September. Bloomberg Economics expects inflation to be slightly higher, at 6.1%, while Nirmal Bang also estimates it at 6%. If these projections materialise, it would be the highest retail inflation reading since October 2024….