Inflation likely climbed in Oct, Sept factory output growth slowed

November 10, 2015 10:01

Inflation in India probably edged up in October as food prices climbed while weak demand is expected to have hurt factory output growth the month before, a Reuters poll found.

India's price rises have been fairly muted this year, giving the Reserve Bank of India room to ease policy aggressively, amid wider concerns about a global slowdown.

Consumer prices are expected to have risen 4.82 percent in October from a year earlier, faster than September's 4.41 percent increase but still below the RBI's January 2016 target of 6 percent, leaving some room for further interest rate cuts.

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