Retail inflation hits two-year high of 6.09 percent in October

India's <b>retail inflation</b> surged to a two-year high of 6.09 per cent in October, driven largely by a sharp spike in food prices and breaching the Reserve Bank of India's upper tolerance limit of 6 per cent. According to data from the Ministry of Statistics and Programme Implementation, <b>food inflation</b> rose to 8.94 per cent from 7.74 per cent in September. Key items contributing to this increase include onions, garlic, and silver jewellery. This key economic data arrives ahead of the upcoming monetary policy committee meeting, adding significant <b>pressure for rate hikes</b> as the central bank aims to manage price stability.