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Retail inflation surges to 4.62% in October on higher food prices

Inflation in the food basket spiked to 7.89 per cent in October 2019, against 5.11 per cent the previous month.

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2 min read Last Updated : Nov 13 2019 | 7:16 PM IST

The rate of retail inflation, as measured by the Consumer Price Index (CPI) breached the Reserve Bank of India’s (RBI’s) medium-term target of 4 per cent in October, for the first time in 15 months, on the back of higher food prices.

The CPI-inflation rate had stood at 3.99 per cent in September and 3.38 per cent in October 2018.

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Inflation in the food basket spiked to 7.89 per cent in October 2019, against 5.11 per cent the previous month. The RBI mainly

Topics : CPI consumer price inflation retail inflation

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