Retail inflation rises marginally to 4.48% in October

Retail inflation rises marginally to 4.48% in October

retail inflation, measured by Consumer Price Index (CPI), little rose 4.48 per cent in October. Separately, the increase in factory output measured in terms of the Index of Industrial Production (IIP) increased by 3.1 percent in September. Food inflation eased to 0.85 per cent in October, from 0.68 per cent a month ago, with the rise in vegetable prices.

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The inflation print for October this year, however, is lower than the year-ago level of 7.61 per cent recorded in October 2020. With the impact of excise duty cuts yet to be reflected in the headline numbers, inflation rates are expected to remain under pressure from higher core inflation – the non-food inflation non-fuel inflation component – and risks of higher global commodity prices.

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Retail inflation rises marginally to 4.48% in Oct_60.1

Oct_70.1 .  Retail inflation rose marginally to 4.48% in

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