India’s inflation touched 6.2 per cent in October—the highest in 14 months, and the November inflation numbers are expected to be closer to 5.3 per cent, State Bank of India newsletter ECOWRAP said.
The average inflation numbers for FY25 are now trending at 4.8-4.9 per cent against the central bank’s 4.5 per cent.
Inflation is only likely to dip from January onwards, driven by base effects.