India's inflation higher than peers like Brazil and South Korea

The RBI last week raised its key interest rate by 25 bps to 6.50 per cent

India now has higher inflation than some emerging market peers.

The latest inflation figure of 6.52 per cent is above the Reserve Bank of India (RBI) tolerance band of 2-6 per cent, which is higher than peers, such as Brazil and South Korea, shows a Business Standard analysis of data from central bank websites across the world. India had among the lowest inflation numbers relative to peer economies earlier. 

South Korea’s latest inflation number was 5.2 per cent while it was 5.77 per cent in Brazil. Central banks in both countries have increased rates at a faster pace than Indian