India, Nov. 13 -- India's retail inflation rose to a two-year high of 6.09% in October, breaching the Reserve Bank of India's upper tolerance limit of 6% and strengthening expectations of another rate hike in December. Headline inflation has risen every month since November 2025 and had crossed the RBI's actual target of 4% in June this year.

The latest reading, driven by both food and non-food prices, was largely in line with expectations. A Bloomberg poll of economists had predicted inflation at 6%.

India's benchmark inflation rate, measured by the Consumer Price Index (CPI), rose 6.1% in October, according to data released by the National Statistics Office (NSO). The reading indicates that inflation is becoming broad-based, even as f...