Onion price makes India’s inflation cry, but no rate cut likely
India’s headline inflation broke through the central bank’s 4% medium-term threshold in October, but another rate cut is unlikely until 2020
14 November 2019 - 17:00
Mumbai — India’s headline inflation pierced the central bank’s 4% medium-term threshold in October, but the onion price-driven surge is unlikely to distract monetary policy makers from their focus on growth.
Consumer prices rose 4.62% in October from a year earlier, the statistics ministry said in a statement on Wednesday. That is higher than the 4.35% median estimate in a Bloomberg survey of 34 economists and the first print above 4% since July 2018 and the highest since June 2018...
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