Retail inflation rises to 6.09% in October
In short
India’s retail inflation rose to 6.09% in October, above the RBI’s upper limit. A Mint poll of 15 economists had expected 6%.
Food inflation also increased to 8.94% from 7.74% in September. That adds pressure on household budgets and keeps inflation in focus.
What the reporting says
India's retail inflation rose to 6.09% in October, crossing the RBI's upper tolerance limit, according to the reported consumer price index reading. A Mint poll of 15 economists had estimated CPI inflation at 6% for the month, while food inflation climbed to 8.94% from 7.74% in September. The higher food prices added pressure on overall retail inflation.
Why it matters
India's retail inflation was reported at 6.09% in October, above the RBI's upper tolerance limit, with food inflation at 8.94% versus 7.74% in September. The reported rise points to firmer price pressure in household essentials and keeps the RBI in focus on its inflation mandate. The Mint poll of 15 economists had expected CPI inflation to be around 6%, which was close to the reported reading.