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Retail inflation jumps to 4.62 pc in Oct
Team Udayavani, Nov 13, 2019, 6:40 PM IST
New Delhi: Retail inflation surged to 4.62 per cent in October, mainly on account of higher food prices, according to government data released on Wednesday.
The inflation based on Consumer Price Index (CPI) was 3.99 per cent in September and 3.38 per cent in October 2018.
The inflation in the food basket spiked to 7.89 per cent in October 2019 as against 5.11 per cent the preceding month.
The Reserve Bank mainly factors in the CPI based inflation to arrive at its bi-monthly monetary policy.
The RBI has been asked to keep the retail inflation at around 4 per cent.
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Latest Additions
K’taka COVID-19 update: 4267 new cases; 5218 discharges; 114 deaths on Aug 10
Govt abolishes Cotton Advisory Board; notifies change in status of textiles research associations
K’taka Cong demands Rs 10,000 cr package to protect Kaveri river basin
DK COVID-19 update: 146 new cases; 533 discharges; 8 deaths on Aug 10
Haveri: 2 commit suicide after SSLC results