The rise in general inflation was mainly on account of elevated food prices.
Driven by rising food prices, retail inflation inched up to 7.61% in October, remaining above the comfort level of the Reserve Bank. According to the Consumer Price Index (CPI) data released by the government on Thursday, inflation stood at 7.27% in September 2020. It was 4.62% in October 2019. The rise in general inflation was mainly on account of elevated food prices. As per the data, the Consumer Food Price Index (CFPI) rose to 11.07% in October, up from 10.68% in the previous month of September. The RBI, which mainly factors in retail inflation while arriving at key policy rates, has been mandated by the government to keep inflation at 4% (+, – 2%).
A letter from the Editor
Dear subscriber,Thank you!Your support for our journalism is invaluable. It’s a support for truth and fairness in journalism. It has helped us keep apace with events and happenings.The Hindu has always stood for journalism that is in the public interest. At this difficult time, it becomes even more important that we have access to information that has a bearing on our health and well-being, our lives, and livelihoods. As a subscriber, you are not only a beneficiary of our work but also its enabler.We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda.Suresh Nambath