Retail Inflation Rises To 7.61%
- 12-Nov-2020
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Retail inflation, calculated on the basis of Consumer Price Index (CPI), continued to rise in October, reaching 7.61 per cent on the back of rise on food prices. The consumer price inflation was recorded at 7.27 per cent in the previous month. Inflation in food basket, or Consumer Food Price Index, increased to 11.07 per cent in October from 10.68 per cent in September.
Inflation in vegetable prices remained high during the month under review at 22.51 per cent. Prices for portein products also were steep with inflation in meat and fish at 18.70 per cent and that for eggs at 21.81 per cent. Pulses and related products got costlier too with inflation rate at 18.34 per cent.
With this, retail inflation has remained above RBI's upper tolerance level of 6 per cent for the seventh month in a row.
