Economic dataBusinessLine
Retail inflation crosses 6% in October
Negative-34
GreyOak summary
India's retail inflation based on CPI reached 6.09% in October, driven by a surge in food prices to 8.94%. This marks the first breach of the 2-6% target range in two years. Economists anticipate a further RBI policy rate hike in December due to sustained inflationary pressures.
What it affects
- CPI inflationNegative -34
CPI inflation rose to 6.09% in October.Rolling sentiment Negative -65
- RBI policy rate and stanceNegative -34
Rate hike expected in December.Rolling sentiment Negative -44
