(Bloomberg) -- India’s inflation
exceeded 9 percent for an 11th straight month, crimping the central
bank’s scope to keep interest rates unchanged and shield the economy
from a faltering global recovery.
The benchmark wholesale-price index rose
9.73 percent in October from a year earlier, the commerce ministry said in a
statement in New Delhi today. That compares with a 9.72 percent jump in
September and the median forecast of 9.65 percent in a Bloomberg News survey
of 19 economists.