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October inflation hits 6.21%, highest in over a year due to rising food costs

IndiaTimes Tuesday, 12 November 2024 ()
India's retail inflation surged to 6.21 percent in October, exceeding the Reserve Bank of India's target range for the first time in over a year. Driven by a sharp increase in vegetable prices, food inflation rose to 10.87 percent. While some food categories saw price declines, economists predict inflation will remain above 5 percent in the near future.
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