Indian retail inflation probably exceeded the Reserve Bank of India's medium-term target of 4% in October for the first time in 15 months, mainly because of rising vegetable prices, a Reuters poll of economists showed.
Prices of most vegetables climbed during the month as monsoon downpours delayed harvests and disrupted supplies. That was despite a government ban on onion exports, a key component in the Indian diet.
Overall food prices - the biggest chunk of the consumer price basket - also rose in October.
The Nov. 4-7 Reuters poll of 39 economists forecast annual consumer price inflation rose to 4.25% in October, its