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Retail inflation refuses to cool down, prints 7.61% in October

Pulses, veggies, fuel, mobility and connectivity dominate price rise as economy recovers

cpi, wpi, inflation, retail, food, prices, vegetables, markets, shops

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Analysts think that this will put brakes on any further rate cuts soon, even as the MPC has kept its stance accommodative in its last meeting in October

Abhishek Waghmare Pune

3 min read Last Updated : Nov 12 2020 | 11:36 PM IST

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

Topics : Inflation retail inflation

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