Video

India’s retail inflation hit 6.09% in Oct breaching the RBI’s 6% upper limit as food costs surged

India’s retail inflation climbed to 6.09% in October, up from 5.54% in September. This is the first time inflation has crossed the Reserve Bank of India’s (RBI) upper tolerance limit of 6% under the current CPI series. Food inflation is an even bigger concern. It rose from 7.74% in September to 8.94% in October.