India Inflation October 2020

India: Inflation hits highest level since May 2014 in October

Consumer prices rose 1.27% from the previous month in October, accelerating from the 1.10% rise seen in September. The increase was largely driven by rising prices for food and beverages. In addition, price pressures for fuel and light rose notably in October.

Inflation increased to 7.6% in October, which was up from September’s 7.3%. October’s result represented the highest inflation rate since roughly six-and-a-half years. Annual average inflation rose to 6.7% in October (September: 6.5%).

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