Economic dataEconomic Times
Retail inflation rises to 6.09% in October
Negative-39
GreyOak summary
Retail inflation in India rose to 6.09% year-on-year in October, breaching the RBI's upper tolerance limit for the first time under the new CPI series. Driven by a surge in food prices to 8.9%, this marks the fifth consecutive month above the 4% target. The data has intensified expectations for a 25-basis-point repo rate hike at the upcoming December monetary policy meeting.
What it affects
- CPI inflationNegative -39
Rises to 6.09% in October.Rolling sentiment Negative -65
- RBI regulationPositive +39
Upper tolerance limit breached.Rolling sentiment Positive +32
- RBI policy rate and stancePositive +18
Hike expected in December.Rolling sentiment Negative -44
