Food inflation, which accounts for almost half of the total consumer price basket, rose by 6.61% in October, compared to 6.56% in September.
Inflation in October was below the central bank’s permissible limit of 2% to 6% for the second consecutive month, but the RBI last month kept key lending rates unchanged for the fourth consecutive time at a policy meeting to bring inflation closer to its target. He said he continues to focus on this. 4%.
(Information provided by agency)