Today i.e. on November 12, retail inflation figures for the month of October will be released. According to experts, India’s retail inflation is expected to be around 6% in October. Earlier in September, retail inflation was 5.54%. The main reason for increasing inflation is the increased prices of food items and vegetables. How does inflation increase and decrease? The rise and fall of inflation depends on the demand and supply of the product. If people have more money they will buy more things. This will increase the demand for things and if there is no supply, their prices will increase. Whereas if demand is less and supply is more then inflation will be less. What does 6% inflation rate mean? 1. Comparison is with last year (year-on-year) When we say that inflation is 6% in October 2026, it means that we are comparing it with October 2025. That’s a whole year’s worth of change. 6% is an average number called the ‘Consumer Price Index’. This includes hundreds of things in your life: 2. The thing that used to cost ₹100 is now worth ₹106. The math is very simple. If you bought an item like ration for ₹ 100 in October 2025, then the same item will cost ₹ 106 in September 2026.
Source link
[ad_3]
Inflation may be 6% in October: Effect of increase in prices of food items, it was 5.54% in September
