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India's Oct. retail inflation quickens to 6.21% y/y
India's October retail inflation quickens to 6.21% y/y
India's retail inflation in October accelerated to 6.21% year-on-year, breaching the central bank's target range for the first time in over a year, as food prices remained stubbornly high, government data released on Tuesday showed.
Costlier Food Pushes India's Inflation To 14-Month High
India's consumer price inflation accelerated in October to the highest level more than a year amid rising food costs, data from the
India's retail inflation in October at 6.21%, breaches RBI tolerance band for first time since Aug 2023
India's retail inflation rose to 6.21 percent in October. This is a significant increase from September's 5.49 percent. Food prices are the main reason for this surge. This is the first time since August that inflation has gone beyond the Reserve Bank of India's 6 percent limit.
Economists react to India's October retail inflation
India's retail inflation in October accelerated to 6.21% year-on-year, breaching the central bank's target range for the first time in over a year, as food prices remained stubbornly high, government data released on Tuesday showed.
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