Mumbai, Nov. 12 -- Retail inflation surged to 6.09 per cent in October, breaking above the Reserve Bank's upper tolerance limit for the first time in two years. The consumer price index (CPI) based retail inflation stood at 5.54 per cent in September, The food inflation spiked to 8.94 per cent in October from 7.74 per cent in the previous month.The top five items with high inflation were onion (116.22 per cent), garlic (60.74 per cent), silver jewellery (52.39 per cent), ginger (48.32 per cent) and lemon (47.30 per cent).

Published by HT Digital Content Services with permission from Capital Market....