India's inflation rose to 6.21%, exceeding RBI's limit, mainly due to higher food prices.

India's retail inflation hit a 14-month high of 6.21% in October, exceeding the Reserve Bank of India's upper tolerance limit of 6%. The surge was mainly due to rising food prices, with vegetables seeing a sharp increase. The RBI, aiming to maintain inflation within a 4% target with a 2% margin, is unlikely to cut interest rates in the near future. This inflation spike poses challenges to economic stability and consumer purchasing power.

November 12, 2024
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