Retail inflation rises marginally to 4.48 pc in Oct


PTI, Nov 12, 2021, 5:51 PM IST

Credit: iStock Photo

New Delhi: Retail inflation inched up to 4.48 per cent in October due to an uptick in food prices, government data showed on Friday.

The Consumer Price Index (CPI) based inflation was at 4.35 per cent in September and 7.61 per cent in October 2020.

According to the data released by the National Statistical Office (NSO), inflation in food basket rose to 0.85 per cent in October, compared to 0.68 per cent in the preceding month.

The Reserve Bank, which mainly factors in CPI-based inflation while arriving at its bi-monthly monetary policy, has been tasked by the government to keep it at 4 per cent, with a tolerance band of 2 per cent on either side.

The RBI has projected the CPI inflation at 5.3 per cent for 2021-22: 5.1 per cent in second quarter, 4.5 per cent in third; 5.8 per cent in last quarter of the fiscal, with risks broadly balanced. The retail inflation during April-June period of 2022-23 is projected at 5.2 per cent.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Kangana says MVA lost in Maharashtra because it disrespected women

UP: Protest over Sambhal mosque survey turns violent; 3 killed, 20 cops among injured

Ranbir Kapoor says he would love to remake grandfather Raj Kapoor’s ‘Shree 420’

I played with fearless mindset, took brave decisions: Yashasvi Jaiswal

Karkala: One-year-old leopard cub rescued from well in Nitte

Rishabh Pant becomes most expensive IPL buy at Rs 27 crore, Iyer fetches Rs 26.75 crore deal

Gujarat man held for impersonating govt official, duping people with forged letters

Related Articles More

Choose correct ITR to report foreign assets; 2 lakh such returns filed: CBDT official

Air India Express increases flight operations from northeast destinations

Mcap of 8 of top-10 most-valued domestic firms jumps Rs 1.55 lakh cr; HDFC Bank, TCS sparkle

Myntra pilots foray into quick commerce with ‘M-Now’ in select locations of Bengaluru

Never entered into pact to operate airport in Kenya: Adani

MUST WATCH

Coconut Flower

Prakash Belawadi

Naxal Leader Vikram Gowda

Christmas Cake Fruit Mixing

DK Shivakumar


Latest Additions

Kangana says MVA lost in Maharashtra because it disrespected women

UP: Protest over Sambhal mosque survey turns violent; 3 killed, 20 cops among injured

Ranbir Kapoor says he would love to remake grandfather Raj Kapoor’s ‘Shree 420’

I played with fearless mindset, took brave decisions: Yashasvi Jaiswal

Karkala: One-year-old leopard cub rescued from well in Nitte

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.