💨 Abstract

India's wholesale inflation rose to a four-month high of 2.36% year-on-year in October, driven by food price increases. Vegetable prices soared 63%, and retail inflation hit a 14-month high of 6.2%, with food prices jumping 10.9%. These high inflation rates may discourage the Reserve Bank of India from cutting interest rates in the near future.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖