⚠️Big Warning India's retail inflation surged to all time high, breaching the RBI's tolerance limit of 6%. This sharp increase, primarily driven by soaring food prices, has dampened hopes for an early rate cut by the RBI. X Food inflation reached 9.69% in October, with vegetable prices skyrocketing by 42.18% yoy. A massive surge. The impact of this inflation is more pronounced in rural areas, where the rate stands at 6.68%, compared to 5.62% in urban areas.
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