At 4.6% in Oct, retail inflation breaches RBI comfort level after 15 months

But core inflation, which excludes the volatile components of food and fuel, stood at 3.3 per cent in October; this is its lowest in eight years

Consumer prices rose at 4.6 per cent in October, the fastest rate since June last year, reflecting that vegetables and pulses have become more expensive in the country.

This is an inch above the median 4 per cent target set by the Reserve Bank of India under its inflation-targeting framework.

But the core inflation rate, which excludes the volatile components food and fuel, dropped to its lowest in the past eight years, at 3.3 per cent, in October. 

Core inflation represents the demand and pricing power in the economy, and a sharp drop in October portends feeble prospects of recovery