Why in news India's retail inflation jumped to 6.2% in October, its highest in 14 months, up from 5.5% in September. Food inflation ...
Why in news
India's retail inflation jumped to 6.2% in October, its highest in 14 months, up from 5.5% in September.
Food inflation saw a sharp 10.9% increase, mainly due to steep rises in vegetables (up 42.2%) and edible oils (up 9.5%).
Rural inflation was higher at 6.7%, while urban inflation stood at 5.6%.
The inflation rate exceeded the Reserve Bank of India's (RBI) upper tolerance limit, making an interest rate cut unlikely in December.
Key Price Drivers:
Vegetables: Inflation surged to a 57-month high (42.2%).
Edible Oils: Increased sharply by 9.5%, the highest in nearly two years.
Fruits: Prices rose by 8.4%.
Pulses: Inflation eased to 7.4%, after 17 months of double-digit rises.
Personal Care: Costs of personal care items increased by 11%.
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