1-min readRetail Inflation Rises to 4.62% in October on Back of Higher Food Prices
Annual retail inflation in October was higher compared with 3.99% in the previous month and analysts' forecasts.
Photo for representation. (Image: Reuters)
New Delhi: India's retail inflation rate rose to 4.62% in October, driven by higher food prices, the government said on Wednesday.
The inflation based on Consumer Price Index (CPI) was 3.99% in September and 3.38% in October 2018. The inflation in the food basket spiked to 7.89% in October as against 5.11% the preceding month.
The Reserve Bank mainly factors in the CPI based inflation to arrive at its bi-monthly monetary policy. The RBI has been asked to keep the retail inflation at around 4%.
Annual retail inflation in October was higher compared with 3.99% in the previous month and analysts' forecasts. Analysts polled by Reuters had forecast a retail inflation rate of 4.25% for October.
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| Company | Price | Change | %Gain |
|---|---|---|---|
| Yes Bank | 56.00 | -9.82 | |
| SBI | 320.00 | -4.82 | |
| ICICI Bank | 524.80 | -0.62 | |
| Indiabulls Hsg | 272.45 | -4.44 | |
| Reliance | 1,554.90 | 0.26 |
| Company | Price | Change | %Gain |
|---|---|---|---|
| Yes Bank | 56.00 | -9.82 | |
| Indiabulls Hsg | 272.40 | -4.39 | |
| SBI | 319.80 | -4.89 | |
| Reliance | 1,554.95 | 0.30 | |
| RBL Bank | 338.80 | -7.28 |
| Company | Price | Change | %Gain |
|---|---|---|---|
| Bharti Infratel | 259.70 | 5.55 | |
| Kotak Mahindra | 1,674.30 | 1.52 | |
| JSW Steel | 254.10 | 1.05 | |
| Tata Steel | 403.25 | 0.86 | |
| Dr Reddys Labs | 2,890.80 | 0.67 |
| Company | Price | Change | %Gain |
|---|---|---|---|
| Kotak Mahindra | 1,674.30 | 1.48 | |
| Tata Steel | 402.95 | 0.83 | |
| Reliance | 1,554.95 | 0.30 | |
| Asian Paints | 1,717.35 | 0.15 | |
| Infosys | 715.15 | 0.07 |
| Company | Price | Change | %Gain |
|---|---|---|---|
| Yes Bank | 56.00 | -9.82 | |
| SBI | 320.00 | -4.82 | |
| Zee Entertain | 287.70 | -4.12 | |
| GAIL | 117.15 | -3.34 | |
| IndusInd Bank | 1,465.85 | -2.91 |
| Company | Price | Change | %Gain |
|---|---|---|---|
| Yes Bank | 56.00 | -9.82 | |
| SBI | 319.80 | -4.89 | |
| IndusInd Bank | 1,463.75 | -3.05 | |
| Tata Motors | 161.50 | -2.77 | |
| M&M | 510.30 | -2.73 |
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