India's retail inflation surged to a 14-month high in October, driven by a jump in vegetable prices and dashing hopes of an interest rate cut by the central bank next month. The annual retail inflation of 6.

India’s inflation quickened at the fastest pace in 14 months, breaching the central bank’s tolerance level and giving it a strong reason to stay cautious, even as calls grow to cut interest rates.

Vegetables saw the highest inflation among all the food items at a staggering 42.18% in October 2024, compared to October 2023