Context
India's retail inflation surged to 6.21% in October 2023, marking the highest level in 14 months. The inflation rate exceeded the Reserve Bank of India's target range of 2% to 6% for the first time since August 2023. This rise in inflation is being attributed primarily to sharp increases in food prices, especially vegetables and edible oils.
Fact Box: CPI-based Inflation or Retail Inflation
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