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India’s retail inflation hits 16-month high of 4.62%

India’s retail inflation hit 4.62 percent in October breaching the Reserve Bank of India’s (RBI) medium-term target of 4 percent for the first time in 16 months. This is the highest level since June 2018 on the back of rising vegetable prices, government data showed. Inflation – gauged by the Consumer Price Index (CPI) – […]