High-Frequency RBI Data Points to Broad-Based Increase in Food Prices

High-frequency data collected by the Reserve Bank of India up to October 19 indicated a broad-based increase in food and commodity prices.

Retail inflation climbed to a 23-month high of 5.5% year-on-year in September from 4.8% in August, driven largely by climbing food and fuel costs.

Rural retail inflation outpaced urban levels, standing at 6.1% in September compared to 4.9% in urban areas.