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Retail inflation jumps to 4.62 per cent in October

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

PTI PTI
New Delhi Updated on: November 13, 2019 18:44 IST
Retail inflation jumps to 4.62 per cent in October
Image Source : PTI

Retail inflation surged to 4.62 per cent in October, mainly on account of higher food prices, according to government data released on Wednesday

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 the 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.

ALSO READ| Retail inflation inched up marginally to 3.21 per cent in August

ALSO READ| July retail inflation softens to 3.15 per cent on lower fuel rates

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