Retail inflation spikes to 4.62% in October from 3.99% in September

Retail inflation based on consumer price index (CPI) rose to 4.62 per cent in October as against 3.99 per cent in September, government data showed on Wednesday. The figure exceeds the Reserve Bank of India's (RBI's) medium-term target of 4 per cent for the first time in 15 months, mainly because of rising vegetable prices.

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