Retail Inflation Jumps to 4.62% in October From 3.99% in Sept
Retail inflation surged to 4.62% in October, mainly on account of higher food prices, according to government data.
- Retail inflation surged to 4.62 percent in October, mainly on account of higher food prices, according to government data released on Wednesday, 13 November.
- The inflation based on Consumer Price Index (CPI) was 3.99 percent in September and 3.38 per cent in October 2018.
- The inflation in the food basket spiked to 7.89 per cent in October 2019 as against 5.11 per cent the preceding month.
- The Reserve Bank mainly factors in the CPI based inflation to arrive at its bi-monthly monetary policy.
- The RBI has been asked to keep the retail inflation at around 4 percent.
(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)
(The Quint is available on Telegram. For handpicked stories every day, subscribe to us on Telegram)
We'll get through this! Meanwhile, here's all you need to know about the Coronavirus outbreak to keep yourself safe, informed, and updated.
Subscribe To Our Daily Newsletter And Get News Delivered Straight To Your Inbox.