India’s retail inflation rose to a nine-month high of 5.5 percent in September after remaining below 4 percent for the previous two months owing to higher food inflation, showed government data on October 14.

Vegetables were the primary contributors to the jump in inflation in September.

The rise in the consumer price index mimics the increase in wholesale inflation, which had increased to 1.84 percent in September from 1.31 percent in the previous month.

The data release also aligns with the policy decision last week, when the Reserve Bank of India decided to keep the policy rate unchanged at 6.5 percent for the tenth consecutive time but changed the stance to neutral

The monetary policy committee's vote witnessed one dissent, with newly appointed member Nagesh Kumar voting for a 25-bps rate cut.

Most experts indicate that the central bank will deliver its first rate cut since the pandemic in December.