India, Nov. 12 -- India's consumer price inflation rose more-than-expected in October to the highest level in two years, heightening expectations for further interest rate hikes, data from the Ministry of Statistics & Programme Implementation showed Thursday.
Consumer price inflation rose to 6.09 percent from 5.54 percent in the previous month, surpassing economist expectations of 5.93 percent.
The October reading marks the highest level in two years and remains above the Reserve Bank of India's 2 percent to 6 percent tolerance band. Inflation last exceeded the 6 percent ceiling in October 2024, when it reached 6.2 percenr.
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