Retail inflation rises to 6.21 pc in Sep amid higher food prices

PTI, Nov 12, 2024, 4:38 PM IST

Retail inflation rose to 6.21 per cent in October from 5.49 per cent in the preceding month mainly due to higher food prices, breaching the Reserve Bank of India’s (RBI’s) upper tolerance level, according to official data released on Tuesday.

The consumer price index-based inflation was 4.87 per cent in October 2023.

The National Statistics Office data showed that inflation in the food basket rose to 10.87 per cent in October from 9.24 per cent in September and 6.61 per cent in the year-ago month.

The RBI, which kept the key short-term lending rate unchanged earlier this month, has been tasked by the government to ensure inflation remains at 4 per cent with a margin of 2 per cent on either side.

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

Top News

Vandalism at Allu Arjun’s residence in Hyderabad

Rohit Sharma should change his tactics, be more attacking batting at No. 6: Ravi Shastri

Joe Root returns to England’s ODI squad for India tour, Champions Trophy; Ahmed in T20Is

Delhi Police identifies 175 people in verification drive against illegal Bangladeshi immigrants

We have evidence of BJP MLC Ravi using invective inside K’taka Legislative Council: CM Siddaramaiah

Maintain strong relations with all community outfits, don’t oppose their views: Cong’s Chennithala

SC asks HC, Maharashtra govt to evolve mechanism to ensure production of accused before trial courts

Related Articles More

RBI: After another status quo year, all eyes on a growth-propping rate cut with new Guv at helm

Front-running case: Sebi bans 9 entities from market , impounds illegal gains of over Rs 21 crore

Global trends, FIIs’ move to dictate trends in markets in holiday-shortened week: Analysts

GST Council postpones decision to cut tax on insurance, rate panel defers report submission

GST Council meet to decide on lower taxes on insurance policies, ATF inclusion

MUST WATCH

Tulunadu Daivaradane

Feeding Birds with Creative Paddy Art!

Areca Nut

HOTEL SRI DURGA BHAVANA

Harish Poonja


Latest Additions

Vandalism at Allu Arjun’s residence in Hyderabad

PM Modi to attend Christmas celebrations hosted by Catholic Bishops’ Conference of India

Malpe: Carol singing brings Christmas cheer to homes

UP: Ancient stepwell unearthed in Sambhal district’s Chandausi

Democracy being ‘murdered’ by using its own tools: Yogendra Yadav

Thanks for visiting Udayavani

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