Retail inflation to touch 14-month high in Oct as food prices surge: Poll

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Core inflation, which excludes volatile items such as food and energy and is seen as a better gauge of domestic demand, was forecast to be 3.

A slim majority in a separate Reuters poll expected the RBI to cut its key repo rate by 25 basis points to 6.25 per cent in December.

The RBI predicts economic growth of 7.2 per cent economic growth this fiscal year, which some economists consider to be optimistic.

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Category: BusinessFinance

Markets: India

Topics: October inflation data Inflation October 2024 Currency pressure inflation India's inflation rate RBI inflation target Inflation forecast India Edible oil prices Vegetable prices 14-month high inflation India inflation Gold prices inflation Reserve Bank of India Tomato price hike Rising food costs Food price inflation India CPI Core inflation India Inflation and demand Climate risk inflation Retail inflation

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Article Type: News Report

Published On: 2024-11-11 @ 09:20:57 (6 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 723 words

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