India Inflation Rises More Than Forecast

India, Oct. 12 -- India's consumer price inflation rose more than expected in September, data from the Ministry of Statistics & Programme Implementation showed Monday.

Consumer price inflation rose to 5.54 percent from 4.83 percent in the previous month, surpassing economist expectations of 5.4 percent.

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Inflation remains in the upper end of the Reserve Bank of India's 2 percent to 6 percent tolerance band.

Data showed that the consumer food price index grew at a faster pace of 7.74 percent, following August's 5.97 percent rise.

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