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Retail inflation hits double digit at 10.09% in October

Last Updated: Tuesday, November 12, 2013 - 18:58

New Delhi: Costlier vegetables and fruits, such as onions and tomatoes, drove retail inflation to 10.09 percent in October, entering double digits after seven months.

Inflation as measured by the consumer price index (CPI) was at 9.84 percent in September and 9.52 percent in the previous month.

Vegetable prices rose 45.67 percent in October from a year earlier, compared with a 34.93 percent increase in the previous month, according to government data released today. Fruits were dearer by 12.84 percent.

CPI-based inflation remained in double digits for several months until March this year before it declined to 9.39 percent in April.

Inflation in the food and beverages segment was 12.56 percent in October compared with 11.44 percent in September.

The data showed that the corresponding provisional inflation rates for rural and urban areas for October were 10.11 percent and 10.2 percent, respectively.

For CPI inflation, price data are collected from select towns by the National Sample Survey Organisation and from select villages by the Department of Posts.

Data on inflation based on the wholesale price index will be released later this week.

Last month, the Reserve Bank hiked the key lending rate (repo rate) by 0.25 percent to contain inflation in continuation of its hardline stance.

PTI
First Published: Tuesday, November 12, 2013 - 17:55
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