October inflation hits 6.21%, highest in over a year due to rising food costs

Quick Summary:

India's retail inflation surged to 6.21 percent in October, exceeding the Reserve Bank of India's target range for the first time in over a year.

Driven by a sharp increase in vegetable prices, food inflation rose to 10.87 percent.

While some food categories saw price declines, economists predict inflation will remain above 5 percent in the near future.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaChinaSouth Korea

Topics: Food prices inflation Consumer Price Index India India October inflation 2023 Retail inflation rate Business news RBI inflation target

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 22:10:47 (1 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 726 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23555134

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