Retail inflation surges to 6.09% in October, crossing RBI's upper tolerance
India prices rose 6.09% in Oct, highest in 2 years, above RBI 6% limit, driven by 8.94% food cost surge. Rural 6.63% up urban 5.41% RBI rate 5.50% more hikes likely staying above 4% target for shoppers now in December. Inflation stays above 6% limit months forcing RBI to hike again soon as staples get costlier and families face strain.
Read the original article here: theobserverpost.com
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