The price rise has been sharper in rural India. National Statistics Office showed consumer price index-based inflation (CPI) in rural India surged to 7.56 per cent in September while for urban India it stood at 7.27 per cent. India’s Retail Inflation Increases Above Tolerance for Third Straight Quarter; What Does It Mean?.
India retail inflation surged to 7.41 per cent in September, remaining above the Reserve Bank of India mandated range of 2-6 per cent for the third straight
Chances of a sudden downside dislocation are also rising in equity markets following the upside surprise in US inflation, foreign brokerage Morgan Stanley said in a report.Tuesday's US CPI print was a clear upside surprise versus consensus both .