From The Hindu BusinessLine
Owned by The Hindu Group (Kasturi & Sons)India’s retail inflation rises to 6.09% in October, breaches RBI’s upper tolerance limit
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
Higher food costs, particularly for vegetables, pushed consumer prices up, adding to the monetary policy challenge ahead of the December review.