India's Inflation Rate is even higher than expected

India's already high inflation rate has continued to grow- to a staggering 9.73% overall in October. This rise is mainly due to food prices (inflated 11.06%) and fuel (inflated at 14.79%). Last month, analysts had expected the rate to drop and say that the increase came as a surprise. The increase is also not helped by the value of the Rupee, which is at it's lowest rate in two years. Imported goods, such as oil, are also becoming more expensive in India. The increase in inflation is expected to be followed by a decrease in December.

Source: BBC Business

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