{
  "id": 18468656,
  "title": "India's October consumer inflation likely nears top of RBI target on food costs: Reuters poll",
  "url": "https://urgent.news/2026/11/06/indias-october-consumer-inflation-likely-nears-top-of-rbi-target-on",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-06T07:51:18.000Z",
  "source": {
    "name": "The Economic Times - Economy",
    "slug": "the-economic-times-economy",
    "url": "https://economictimes.indiatimes.com/news/economy/indicators/indias-consumer-inflation-soars-as-food-prices-surge-october-predictions-near-rbis-max-target/articleshow/135599213.cms"
  },
  "original_language": "en",
  "account": "India's consumer inflation is expected to reach near the upper limit of the Reserve Bank of India's 2% to 6% target range in October, according to a Reuters poll of economists. The primary driver of this acceleration is the sharp rise in food prices, which constitute nearly 40% of the consumer price index. Factors contributing to the hike in food costs include reduced supplies due to an uneven monsoon season and a nearly doubling of onion prices since the start of the year.\n\nThe median forecast from the poll, conducted between November 2-6, predicts annual inflation at 5.93% in October, up from 5.54% in September. However, projections for the data due on November 12 range from 5.50% to 6.60%. Nearly half of the polled economists anticipate inflation to be at or above 6% in October, the upper end of the RBI's target range.\n\nEconomists foresee core inflation, which excludes volatile food and fuel prices, at 4.45% in October. The upcoming December policy meeting of the RBI is expected to see a second consecutive rate hike to 5.75% based on the latest poll. The central bank may persist with its current rate-hike momentum.",
  "summary": "India's consumer inflation is projected to rise in October, mainly driven by significant increases in food prices. Economists expect food inflation to reach 8.20%, reflecting ongoing market pressures. Rising global food prices and higher input costs contribute to the inflationary environment. The Reserve Bank of India anticipates inflation to average 5.2% for the current financial year. A rate…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "ERR News Estonia",
        "title": "Estonia's inflation in October revised upward to 4.2 percent",
        "url": "https://urgent.news/2026/11/06/estonias-inflation-in-october-revised-upward-to-4-2-percent",
        "published": "2026-11-06T06:43:00.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Jefferies says C-store traffic turns positive in October despite weak food sales",
        "url": "https://urgent.news/2026/11/06/jefferies-says-c-store-traffic-turns-positive-in-october-despite-weak",
        "published": "2026-11-06T10:53:27.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}