UBI report forecasts CPI inflation to exceed 6% in October
The Business Guardian|November 11, 2024
The continued spurt in food prices and fading of the high base effect likely led to a spike in October retail inflation figures.
UBI report forecasts CPI inflation to exceed 6% in October

According to a report by the Union Bank of India, retail inflation based on the Consumer Price Index is seen jumping to 6.15 per cent, breaching RBI's 6 per cent tolerance band.

Retail inflation data for October is scheduled to be released on Monday evening. India's retail inflation for September reached 5.49 per cent from 3.65 per cent in August, reflecting an uptick primarily due to higher food prices. Price pressures last drove inflation above RBI's 6 per cent upper threshold previously in August 2023.

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