Inflation hits 6.09% as food prices surge

GreyOak summary

Retail inflation reached a two-year high of 6.09% in October, breaching the RBI's 6% tolerance limit, driven by a sharp rise in food prices to 8.94%. Key items like onions and silver saw double-digit inflation. Economists predict further hikes in the coming months due to a deficient monsoon and adverse base effects, prompting expectations of additional RBI rate hikes in December.