Key Points
New Delhi: Indias retail inflation in October accelerated to 6.21% year-on-year, breaching the central banks target range for the first time in over a year, as food prices remained stubbornly high, government data released on Tuesday showed...
The annual retail inflation was higher than the estimate of 5.81% in a Reuters poll of 45 economists..
In September, inflation stood at 5.49%, which was a nine-month high...
Indias retail inflation, which peaked at 7.79% in April 2022, eased after the RBIs monetary policy committee raised rates and the government took measures to improve supplies...
The inflation rate for oil and fats was 9.51% compared to 2.47% in the previous month, mostly due to an increase in edible oil prices...
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