India among a few major EMs with rising inflation in October, shows data

India is among the few major nations among emerging and developing economies with higher inflation in October 2020 compared to December 2019 (pre-Covid levels).

Also, among these nations, the rise in core inflation is the highest in India.  While core inflation in emerging and developing economies has converged for the first time in 25 years, India (along with Turkey) continues to remain an exception, according to Motilal Oswal Financial Services.

While the market expects headline inflation to ease to 4.2 in India in Q4 from 6.6 per cent in Q2, Motilal Oswal estimated inflation to remain at 6 per cent in December