From The New Indian Express
Owned by Express Publications (Madurai) Ltd.Retail inflation rises to two-year high of 6.09% in Oct; breaches RBI's upper 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
NEW DELHI: Retail inflation rose sharply to 6.09 per cent in October on costlier food items, breaching the RBI's upper tolerance limit of 6 per cent for the first time since October 2024. The consumer price index (CPI) based headline retail inflation was 5.54 per cent in September. Food inflation…