From The Morung Express
India's retail inflation crosses RBI's upper limit of 6 per cent in October
What's behind this
Retail inflation rose sharply to a two‑year high of 6.09 per cent in October, up from 5.54 per cent in September, according to the consumer price index. The increase was driven by costlier food items and pushed the headline rate above the Reserve Bank of India's upper tolerance limit of 6 per cent for the first time since October 2024. Food inflation also accelerated, spiking to 8.94 per cent in October from 7.74 per cent the month before, as reported by the Ministry of Statistics & Programme Implementation.
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RSS excerpt
New Delhi, November 12 (IANS) India's retail inflation, based on the new Consumer Price Index (CPI) series, rose to 6.09 per cent in October this year compared to the same month of the previous year to cross the RBI's upper limit for the first time after two years, according to data released by the…