India's retail inflation in October accelerated to 6.21% year-on-year, breaching the central bank's target range for the first time in over a year, as food prices remained stubbornly high, government data released on Tuesday showed.

India’s retail inflation, based on the Consumer Price Index (CPI), surged to 6.21 per cent in October 2024. (Image/Reuters) India’s retail inflation, based on the Consumer Price Index (CPI), surged to a 14-month high of 6.21 per cent in the month of ...

India's retail inflation rose to 6.21 percent in October. This is a significant increase from September's 5.49 percent. Food prices are the main reason for this surge. This is the first time since August that inflation has gone beyond the Reserve Bank of India's 6 percent limit.

India's retail inflation surged to a 14-month high in October, driven by a jump in vegetable prices and dashing hopes of an interest rate cut by the central bank next month. The annual retail inflation of 6.

Vegetables saw the highest inflation among all the food items at a staggering 42.18% in October 2024, compared to October 2023

The inflation rate currently stands at 6.68% in rural areas, surpassing the urban inflation rate, which is recorded at 5.62%.

Food inflation rose to 9.69% in October, up from 9.24% in September. Rural inflation also increased to 6.68%, compared to 5.87% in September, while urban inflation went up to 5.62% from 5.05% the month before.