 "cpi, wpi, inflation, retail, food, prices, vegetables, markets, shops")
Consumer price index based inflation, or the retail inflation in the economy inched up a bit from the previous month, at 7.61 per cent in October.
The ongoing streak of rising inflation has now continued for fifth consecutive month, and has remained over the comfort level for seven months. The Reserve Bank of India’s rate-setting monetary policy committee has a mandate to keep inflation within the 2-6 per cent band. Rural consumer inflation has remained above the upper band for 11 straight months.
As the economy shows signs of recovery after being battered by the pandemic, rising inflation due to
