THE spectre of inflation has come back to haunt the economy as retail inflation shot up to 6.21% in October, marking the highest level in 14 months, driven by a sharp spike in food prices.
This surge was noted in the prices of fruits, vegetables, meat, fish, and cooking oils. Food inflation rose considerably to 10.87% in October, the highest in 15 months, up from 9.24% in September and 6.61% in the same month last year.
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