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India Inflation Accelerates More Than Expected

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India Inflation Accelerates More Than Expected

India’s inflation accelerated more-than-expected in October, figures from the statistics ministry showed on Wednesday.

The consumer prices index rose 4.62 percent year-on-year in October following a 3.99 percent increase in September. Economists had forecast 4.25 percent inflation.

In October last year, inflation was 3.38 percent.

Food price inflation accelerated sharply in October to 7.89 percent from 5.11 percent. A year ago, it was minus 0.86 percent.

On a month-on-month basis, consumer prices rose 0.96 percent in October. Food prices climbed 2.12 percent.

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