Retail inflation rises to 4.48% in October on rise in fuel prices

Retail inflation in October 2021: Retail inflation rose to 4.48 per cent last month

Retail inflation rose to 4.48 per cent in October 2021 from 4.35 per cent in September, government data showed on Friday due to higher fuel prices. This was higher than a recent survey by news agency Reuters estimated that retail inflation had hit a six-month low in October at around 4.32 per cent. The Reuters poll was conducted between 8-9 November with 43 economists.Read also: October retail inflation likely to near 6-month low within RBI’s tolerance band)

Retail inflation rose to 4.48 per cent in October, which is within the Reserve Bank of India’s comfort zone of two per cent – six per cent for the fourth consecutive month. According to data released by the National Statistical Office (NSO), inflation in the ‘fuel and light’ category remained at 14.35 per cent during the month.

The Reserve Bank of India (RBI) tracks retail inflation – or the rate of increase in consumer prices as determined by the Consumer Price Index (CPI). Separate government data showed factory output rose to 3.1 percent in October.

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