India’s retail inflation, based on the consumer price index (CPI), likely rose to a 23-month high of 5.6% in September because of higher food prices, according to an FE poll of 13 economists. This would be the first inflation CPI inflation rises above 5% since December 2024 and the highest rate of inflation since October 2024. It would also mark the 11th consecutive month of the increase in retail inflation, and the fourth month in a row when inflation is higher than the Reserve Bank of India’s (RBI) medium-term target of 4%.