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Economy

India's retail inflation inches up to 7.61% in October on the back of higher food prices

Updated : November 13, 2020 05:41 PM IST

India's retail inflation as measured by the Consumer Price Index (CPI) recorded 7.61 percent in the month of October on the back of a further rise for food prices, showed data released by the National Statistics Office (NSO) on Thursday.

It was 4.62 percent in October 2019. The rise in general inflation was mainly on account of elevated food prices.

As per the data, the Consumer Food Price Index (CFPI) rose to 11.07 percent in October, up from 10.68 percent in the previous month of September.

The Consumer Food Price Index (CFPI), according to the data, rose to 11.07 percent in October from 10.68 percent in the previous month of September. It was 4.62 percent in October 2019.

Vegetable prices rose 22.51 percent in October on a year-to-year basis.

Inflation in protein-rich meat and fish quickened to 18.70 percent, while in eggs it rose to 21.81 percent during the month.

In September, the respective inflation prints were at 17.60 percent and 15.47 percent. The inflation print in the 'fuel and light' category softened a tad at 2.28 percent during the month (from 2.87 percent in September).

Price rise in 'milk and products' also reduced to 5.20 percent (from 5.64 percent).

The RBI, which mainly factors in retail inflation while arriving at key policy rates, has been mandated by the government to keep inflation at 4 percent (+, - 2 percent).

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