Retail inflation jumps to 4.62% in October
Commodity Online | November 13 2019
UPDATED 18:04:11 IST

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Retail inflation surged to 4.62% in October, mainly on account of higher food prices, according to latest government data.

The inflation based on Consumer Price Index (CPI) was 3.99% in September and 3.38% in October 2018.

The inflation in the food basket spiked to 7.89% in October 2019 as against 5.11% the preceding month.

Core inflation which excludes energy and food items was mapped at 3.5% in comparison to 4% a month ago. Meanwhile, pulses inflation shot up to 11.72% from 8.4% month-on-month and vegetable inflation jumped to 26% from 11.4% month-on-month.

Clothing and footwear inflation was mapped at 1.64% vs 0.96% month-on-month.

The Reserve Bank mainly factors in the CPI based inflation to arrive at its bi-monthly monetary policy. The RBI has been asked to keep the retail inflation at around 4%.