Retail inflation accelerated to 3.58% in October on the back of rising food and fuel prices, according to official data released by the Ministry of Statistics and Programme Implementation on Monday.
Inflation, as measured by the Consumer Price Index (CPI), was 3.28% in September.Core inflation, which excludes food and fuel inflation, eased marginally to 4.55% in October, from 4.60% in the previous month
Exam point of view: RBI has main responsibility in India in controlling of inflation. RBI considers inflation while announcing its bi-monthly monetary policy review.
Important: The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has revised the Base Year of the Consumer Price Index (CPI) from 2010 to 2012
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