Asia · Financial press · The Economic Times

October retail inflation surge may weigh on housing demand, raise rate hike concerns: Knight Frank, PHDCCI

Published by The Economic Times · India 2 h ago

Detailed summary

Rising retail inflation could weaken household purchasing power and constrain discretionary spending, including housing expenditure, while increasing the possibility of further monetary tightening by the Reserve Bank of India (RBI), industry bodies said on Thursday, following the acceleration in consumer price inflation to 6.09 per cent in October.

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October retail inflation surge may weigh on housing demand, raise rate hike concerns: Knight Frank, PHDCCI

Detailed summary

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