Retail Inflation in India Surpasses 6% in October, Prices of Onions, Garlic, and Ginger Surge
Indias retail inflation rose to 6.09% in October, driven by soaring prices of essential food items like onions and garlic.
New Delhi, November 12 (Daily Kiran) : India’s retail inflation rate climbed to 6.09% in October, up from 5.54% in September, according to provisional data released by the Ministry of Statistics and Programme Implementation. This marks a significant increase of 0.55 percentage points.
In rural areas, the inflation rate reached 6.63%, while urban areas recorded a lower rate of 5.41%. A notable rise in food inflation was observed, jumping to 8.94% from September’s 7.74%. In rural regions, food inflation was even higher at 9.09%, compared to 8.68% in urban areas.
The ministry’s report highlighted that the prices of several key commodities saw dramatic increases over the year. Onions surged by 116.22%, garlic by 60.74%, silver jewelry by 52.39%, ginger by 48.32%, and lemons by 47.30%. Conversely, some items experienced price declines, with potatoes dropping by 14.24%, cauliflower by 10.57%, coconuts by 5.60%, eggplants by 3.34%, and cabbage by 1.92%.
Regions like Tamil Nadu (7.29%), Telangana (7.26%), Andhra Pradesh (7.25%), Madhya Pradesh (7.19%), and Odisha (7.17%) reported the highest retail inflation rates in the country during October.
The ministry noted that the National Statistical Office’s Field Operations Division collected real-time price data from 1,407 urban markets, including online platforms, and 1,465 villages across all states and union territories, achieving a 100% response rate during the month.
