October Inflation Spike May Cool Housing Demand, Lift RBI Rate-Hike Bets: Knight Frank, PHDCCI
India’s sharper-than-expected retail inflation print for October is likely to erode household purchasing power and curb discretionary spending, including on housing, industry bodies Knight Frank and PHDCCI said on Thursday. They also warned that the 6.09 per cent consumer price inflation reading could revive concerns over further monetary tightening by the Reserve Bank of India, even as growth-sensitive sectors remain under pressure.
