New Delhi : Inflation rate is continuously increasing in India and in this month of October it has even crossed this limit. This month, the retail inflation rate has increased more than the limit set by the Reserve Bank. At present this inflation rate has gone above the fixed figure of 6 percent.
It is being told that in the month of October, the retail inflation rate has crossed the figure of 6.21 percent and reached an all-time high level of 14 months. This is the first time after August 2023 that the inflation rate has crossed the tolerance level of the Reserve Bank. There has been a tremendous rise in the prices of food items, especially vegetables, in the country, due to which the inflation rate has also increased.
At what height are the prices of vegetables?
In the month of October this year, the inflation rate on vegetables has reached the highest level in 15 months, which is currently 10.87 percent. In this too, especially the prices of tomato, potato and onion have increased the most rapidly.
There was a huge jump of 52 percent
Let us inform you that this year the price of tomato has increased the most, which has increased by 161 percent. Besides, the prices of potatoes have also increased by more than 65 percent on an annual basis. Not only this, the price of onion has also increased by a huge 52 percent. The price of cabbage, which had increased by 21 percent in the initial phase, has now reached up to 31 percent.
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Wholesale inflation also increased
The wholesale inflation rate has also increased significantly and has reached 2.36 percent. In this too, the food inflation rate of 11.59 percent has become quite worrying.
Challenge before RBI
At present, there is a huge increase in the prices of vegetables, especially potatoes, onions and tomatoes. The country's central bank RBI Governor Shaktikanta Das also faces a challenge whether he cuts the repo rate or maintains it in the monetary policy of RBI to be held in the month of December.
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