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Analysis

India’s annual inflation rises to 6.09 per cent in October

India’s annual consumer inflation increased from 5.54 per cent in September to a provisional 6.09 per cent in October. Food inflation reached 8.94 per cent, with onion prices more than doubling from a year earlier while potatoes became cheaper. Rural price growth remained faster than urban inflation, and the October figures remain subject to revision.

Economics & Markets··Morning
Mounds of red onions, potatoes and garlic in baskets and sacks at an open-air vegetable market in India as a vendor weighs produce for shoppers.

October’s reading exceeds September’s final rate

India’s annual consumer-price increase reached 6.09 per cent in October, compared with September’s final 5.54 per cent. The statistics ministry released the provisional October figures after finalising the September reading. Food inflation rose to 8.94 per cent from 7.74 per cent in the preceding month.[1], [2]

Onions rise sharply as potatoes become cheaper

Onion prices were 116.22 per cent higher than a year earlier, whereas potatoes were 14.24 per cent cheaper. Garlic prices increased 60.74 per cent. The broader food and beverages category rose 8.51 per cent. These are annual comparisons with the same month last year, rather than price changes during October alone.[1], [2]

Rural inflation remains above the urban rate

Annual inflation was 6.63 per cent in rural areas and 5.41 per cent in cities. Food inflation rates were 9.09 per cent and 8.68 per cent respectively. Transport prices rose 5.84 per cent, while restaurants and accommodation increased 10.06 per cent. The consumer-price series uses a 2024 base year. Prices are collected from 1407 urban markets, including online outlets, and 1465 villages.[1]

References

  1. News sourceHindistan İstatistik ve Program Uygulama BakanlığıIndia’s October inflation rises to 6.09 per cent↩1↩2↩3
  2. News sourceMarketReviewIndia’s October inflation rises to 6.09 percent↩1↩2