India’s retail inflation reached a 14-month high in October
- India’s retail inflation reached a 14-month high in October.
- India’s retail inflation reached a 14-month high in October due to a sharp rise in vegetable prices.
- Annual retail inflation reached 6.21% in October, which is more than the tolerance band of 2%-6% for the first time in over a year.
- The October retail inflation rate was also higher than the 5.81% forecasted by economists.
- Rising food prices have decreased the purchasing power of middle-income households.
- The RBI has projected GDP growth of 7.2% for the financial year 2024-25.
