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.

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Business
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Retail inflation in India dropped further in January on falling food and fuel prices.
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  • 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.

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