India’s October inflation forecast at 5.93%, near central bank target ceiling
Economists surveyed expect India’s October consumer inflation to rise to 5.93% year on year from 5.54% in September, approaching the upper end of the central bank’s 2%–6% target range. Food inflation is forecast to increase from 7.74% to 8.20%. The 36 economists’ headline inflation forecasts range from 5.50% to 6.60%, with nearly half expecting at least 6%; official CPI figures are due next Thursday.