76 The prices of pan, tobacco and intoxicants saw a sharp rise of 6.58 per cent driven by housing, fuel, pan, tobacco and intoxicants prices.91 per cent in October.Mumbai: Consumer inflation for the month of October surged to 3.Fuel inflation stood at 6.Inflation for the month of October stood at 4.Food and beverage prices edged up slightly from 1.20 per cent in 2016. Analysts polled by Reuters had expected October’s retail inflation at 3.28 per cent. This uptick in prices reduces further chances of a rate cut by the Reserve Bank of India in its monetary policy review meet in December. Recently, the Goods and Services Tax (GST) Council, even after pruning the 28 per cent slab, decided to keep the above items in the top slab.28 percent in September.

Housing inflation also rose to 6.26 per cent in October.  The Reserve Bank at its policy review in October kept the key Ultra capacitor components Manufacturers interest rate unchanged at 6 per cent, citing upward trend in inflation.46 percent, up from 3.According to data released by the government, the retail inflation rate for the month of September stood at 3.10 per cent in September.