From Mathrubhumi English
Owned by Mathrubhumi Printing & Publishing Co.Retail inflation rises to two-year high of 6.09 pc in Oct; breaches RBI's upper limit
What's behind this
Retail inflation rose sharply to 6.09 per cent in October, breaching the Reserve Bank of India's upper tolerance limit of 6 per cent for the first time in two years and since October 2024, according to ministry data. The consumer‑price‑index based headline inflation was 5.54 per cent in September. Food prices drove the increase, with food inflation spiking to 8.94 per cent in October from 7.74 per cent the month before. The breach has led economists to expect the RBI to raise its policy rate next month.
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RSS excerpt
Retail inflation surged to a two-year high of 6.09 per cent in October due to costlier food items, breaching the Reserve Bank of India's upper tolerance limit.