Retail inflation rises in 5 months..!? Common people affected..?!

Retail inflation data for september has come as a shock to stock market investors who are waiting for the september quarter results of indian companies. Despite the RBI's various efforts to control inflation, including interest rate hikes, the continued rise in inflation is seen as a major failure of the RBI. As many financial institutions like the World bank and IMA have already reduced India's growth, September's inflation has caused additional damage to the indian economy.
What is the main reason for the rise in inflation in September? What is the impact of inflation on the common middle class..?In the notification issued by the National Statistics Office, the country's retail inflation rose to 7.41 percent in september, a 5-month high. This has created a fresh headache for the bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india, and crude oil prices have continued to rise. The country's retail inflation has remained above the RBI's upper bound target of 6 percent for three quarters, nine months. With this, RBI has failed to control inflation.As a result, the bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india is forced to give an explanatory report to the central government. Following the september inflation, the RBI is more likely to raise interest rates again in December. Food inflation rose to 8.6 percent in september, with food inflation accounting for around 50 percent of retail inflation. It is noteworthy that in august its rate was 7.62 percent.Food inflation reflects the rise in prices of all types of food items in the country. It includes everything including vegetables, fruits, meat, pulses, and rice. The price of vegetables and fruits has increased significantly in North india compared to South india, due to lack of rain and excessive transport costs, farmers and retailers have said that this situation has developed.On one hand, RBI has hiked its interest rate up to 1.90 percent and on the other hand, food inflation has hit a 5-month high which directly and heavily affects the middle and common people. This has forced a large part of the population to spend more on EMI and increased food items only. Not only this, there are chances of raising the interest rate again in December.
And since the price of industry, mining, electricity, and fuel increased in september, the price of other commodities has also increased, affecting the middle class. Meanwhile, OPEC+ has reduced crude oil production, and the price of crude oil continues to rise in the international market. This will have a major impact on the manufacturing and retail markets, making retail inflation more likely to increase or remain elevated in october as well.