Inflation hits 7.41% in Sep. Higher than the 7% in Aug. Inflation's risen partly from food, and then due to higher import costs due to depreciation:
Food inflation rose significantly to 8.4%. this is worrisome cos it hurts rural a lot more. Clothing and fuel (possibly from higher costs of imported synthetics and crude due to INR depreciation) are 10%+
Core inflation: Non-food, non-fuel is ticking up a little at 6.3%. The number is not very large but the uptrend is a bother:
Be careful: yields aren't likely to come down easy in the near term. But the base goes up significantly from October last year, so that might help with a base effect.
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