Key Points
The inflation rate currently stands at 6.68% in rural areas, surpassing the urban inflation rate, which is recorded at 5.62%...
Retail inflation in India rose to 6.21% in October, up from 5.49% in September 2024, marking a sharp increase driven by high food prices..
In comparison, retail inflation stood at 3.65% in August 2024 and 3.54% in July 2024...
Inflation in rural areas also rose to 6.68%, up from 5.87% in the previous month, while urban inflation increased to 5.62% from 5.05% in September...
Upasna Bhardwaj, Chief Economist, Kotak Mahindra Bank said, "The sharply higher than expected CPI inflation has largely been led by surge in vegetable prices but also a sharp pickup in core inflation..
