October 14, 2019 / 12:13 PM / 2 months ago

India's September retail inflation quickens to 3.99% y/y - govt

NEW DELHI, Oct 14 (Reuters) - India’s retail inflation rate rose to 3.99% in September, driven by higher food prices, the government said on Monday, close to the central bank’s 4% medium-term inflation target, after an interval of 13 months.

Annual retail inflation in September was much-higher compared with 3.21% in the previous month, and analysts’ forecasts.

Analysts polled by Reuters had forecast a retail inflation rate of 3.70% for September. (Reporting by Manoj Kumar; Editing by Sanjeev Miglani)

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