India's retail inflation rose to 6.09% in October from 5.54% in September, breaching the Reserve Bank of India's upper tolerance limit of 6% and coming in slightly above market estimates of 6%. This is the highest inflation reading in about two years and the first time the headline number has crossed the RBI's comfort band since October 2024. It is also the highest print under the new Consumer Price Index series, which has a 2024 base year and was introduced in January this year.
Inflation has now risen every single month in 2026, climbing steadily from 2.74% in January, a ninth straight monthly increase under the new series. The government has mandated the RBI to keep retail inflation at 4%, within a band of 2% to 6%, until March 2031. With the October reading above that band, the print adds pressure on the central bank ahead of its December policy review.
(This is a developing story)
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