India Economy

Labourers are loading consumer goods onto supply trucks at a wholesale market in Kolkata, India, on November 11, 2024. India's consumer price inflation is rising to a 14-month high of 5.81% in October, driven by increased vegetable and edible oil prices. The central bank's tolerance threshold is 6.0%, while rising import taxes and climate risks are potentially further straining household budgets and inflation forecasts. Sacks are filling with pulses along with price tags at a wholesale market in Kolkata, India, on November 11, 2024. India's consumer price inflation is rising to a 14-month high of 5.81% in October, driven by increased vegetable and edible oil prices. The central bank's tolerance threshold is 6.0%, while rising import taxes and climate risks are potentially further straining household budgets and inflation forecasts. (Photo by Rupak De Chowdhury/NurPhoto)