In October, inflation based on the Consumer Price Index (CPI) spiked to a 16-month high of 4.62 per cent on costlier food items.
The price rise in the food basket was recorded at 5.11 per cent in September, as against 2.99 per cent in the preceding month.
If the consensus is right, inflation will come in below the RBI’s medium-term target for 14 months in a row.
However, retail inflation is still within the Reserve Bank's target range, thus keeping hopes of another rate cut alive.
The data also said the Index of Industrial Production, or IIP, grew at 0.4 per cent in March this year.
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