Retail inflation below 7% in Oct, WPI eases to 8.4%

Retail inflation eased below 7% in October led by moderating food prices and a favourable base effect while wholesale price inflation dipped to single digits (8.4%) after 18 months, providing relief to authorities battling stubborn price pressures. At 6.8%, the consumer price index was at a three-month low, down from 7.4% in September, but still above RBI’s upper tolerance level.

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