Current Affairs - Economy - Discussion

In October 2024, India's Consumer Price Index (CPI) or retail inflation surged to 6.2%, marking the highest inflation rate since August 2023. This increase was primarily driven by a rise in food prices, with food inflation reaching a 15-month high. Despite global inflation easing, India continued to experience persistent price pressures, which were exacerbated by factors like extreme weather events, global price volatility, and rising core inflation. The surge in CPI surpassed the Reserve Bank of India's upper tolerance limit of 6%.