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Retail inflation inches up to 7.61% in October on rising food prices

The rise in general inflation was mainly on account of elevated food prices

Topics
retail inflation | food prices

Press Trust of India  |  New Delhi 

Vegetable, Retail inflation
Consumer Food Price Index (CFPI) rose to 11.07 per cent in October

Driven by rising food prices, inched up to 7.61 per cent in October, remaining above the comfort level of the Reserve Bank.

According to the Consumer Price Index (CPI) data released by the government on Thursday, stood at 7.27 per cent in September 2020. It was 4.62 per cent in October 2019.

The rise in general was mainly on account of elevated

As per the data, the Consumer Food Price Index (CFPI) rose to 11.07 per cent in October, up from 10.68 per cent in the previous month of September.

The RBI, which mainly factors in while arriving at key policy rates, has been mandated by the government to keep inflation at 4 per cent (+, - 2 per cent).

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Thu, November 12 2020. 18:29 IST
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