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Motilal Oswal: September Inflation Higher Due To Vegetables, IIP Decline In August Lower Than Expected

India’s retail inflation rose to an eight-month high of 7.3% in September 2020, mainly on account of a spike in vegetable prices.

A customer removes Indian rupee banknotes from a plastic bag at a stall in the Laxmanrao Yadav vegetable market in Mumbai (Photographer Dhiraj Singh/Bloomberg)
A customer removes Indian rupee banknotes from a plastic bag at a stall in the Laxmanrao Yadav vegetable market in Mumbai (Photographer Dhiraj Singh/Bloomberg)
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