Heads up: India's central bank (RBI) could raise interest rates in fiscal 2027, thanks to worries about rising food prices caused by unpredictable monsoons and the El Nino conditions.
Even though overall inflation is expected to cool down, these weather risks might push the RBI to act if things don't improve.
India's October inflation 6.1%
Back in October, India's main inflation rate jumped to 6.1%, mostly because food and drink prices shot up by 8.5%.
Restaurant bills also climbed due to pricier LPG and ingredients, while clothing and footwear inflation also rose, partly due to higher crude-linked raw material and cotton costs.
The report says things could settle down soon, but for now, weather is a big wild card for what happens next with your wallet.