The battle against inflation is entering a tougher phase: What it means for you
India's retail inflation climbed to 5.54% in September, the highest in almost two years, propelled by higher food, fuel and transport costs. Food prices rose above 8%, especially affecting rural families. The rise is linked to high global oil prices, a weaker rupee and tensions in West Asia. With inflation close to the Reserve Bank of India's ceiling, another rate hike may be considered.