India’s Rising Inflation Feared To Slow Economic Growth

Indians shop for clothes in Gauhati, India, Monday, Oct. 15, 2012. India’s inflation accelerated to 7.8 percent in September after the government hiked subsidized fuel prices to rein in the budget deficit. The number released Monday is worse than expected and gives the central bank little room to cut its key interest rate to counter slowing economic growth when it meets later this month.

An Indian wayside vendor arranges vegetables in Gauhati, India, Monday, Oct. 15, 2012. <AP Photo/Anupam Nath>

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