Retail inflation surges to a 14-month high of 6.2% in October

India's retail inflation surged to a 14-month high in October, driven by soaring food prices, exceeding the central bank's target and diminishing hopes of an interest rate cut. However, industrial output rebounded in September, fueled by growth in the manufacturing sector.

Nov 13, 2024 - 01:00

Retail inflation surges to a 14-month high of 6.2% in October

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India's retail inflation surged to a 14-month high in October, driven by soaring food prices, exceeding the central bank's target and diminishing hopes of an interest rate cut. However, industrial output rebounded in September, fueled by growth in the manufacturing sector.