Congress takes dig at govt over rising food prices
Retail inflation breached the Reserve Bank of India's (RBI) upper tolerance level, soaring to a 14-month high of 6.21 per cent in October mainly on account of the rising food prices.
Food inflation is now surging to double digits. Vegetable prices jumped 42.18% in October. Onions are now selling in places like Mumbai at prices as high as Rs. 80 per kilogram. Retail inflation is now above the RBI’s tolerance ceiling of 6%.