Retail inflation eases to 4.87% in October compared to 5.02 % in September

Retail inflation, based on Consumer Price Index (CPI), eased to 4.87 per cent in October compared to 5.02 per cent in September this year. According to the Ministry of Statistics and Programme Implementation, rural areas saw a higher inflation rate at 5.12 percent compared to urban areas at 4.62 percent. The Consumer Food Price Index for October stood at 6.61 percent, marginally lower than September. The retail inflation is within the RBI's upper tolerance limit of 6 per cent. The Gover...