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A glowing orange price chart rising sharply through a dashed ceiling line above a heap of red onions and a basket of vegetables
Business

Onions Up 116%: India's Retail Inflation Breaks RBI's 6% Ceiling, Rate Hike Looms

October CPI hit 6.09% as food inflation neared 9%, pushing prices past the top of the RBI's tolerance band and making a December rate hike look almost certain

India's retail inflation rose to 6.09% in October, breaching the RBI's 6% upper limit as onion prices more than doubled. Economist...

#India Inflation #RBI #CPI
Entro · 5 min