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Retail inflation rises marginally to 4.48% in Oct

Sumit Arora Published On November 13th, 2021 Leave a comment

The retail inflation, measured by the Consumer Price Index (CPI), slightly rose to 4.48 per cent in October. Separately, the factory output, measured in terms of Index of Industrial Production (IIP), grew by 3.1 per cent in September. Food inflation picked up to 0.85 per cent in October from 0.68 per cent a month ago with a rise in prices of vegetables.

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The inflation print for October this year, however, is lower than the year-ago level of 7.61 per cent recorded in October 2020. With the impact of excise duty cut yet to reflect in the headline numbers, high core inflation — the non-food, non-fuel inflation component — and risks of high global commodity prices are expected to keep the inflation rate under pressure.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.