India's retail inflation surged to 6.2% in October, marking its highest level in 14 months. The increase was primarily driven by food and fuel prices.
Food prices rose sharply, particularly for vegetables and cereals, with wheat, rice, and onion prices climbing significantly. The inflation rate breached the Reserve Bank of India's (RBI) tolerance band, which could complicate policy decisions. This persistent rise in inflation highlights ongoing challenges to maintaining stable consumer prices, influencing economic conditions and potentially impacting RBI’s interest rate outlook for upcoming months.