New Delhi , Nov 13 : The spike in retail inflation in October this year has largely been due to costlier food items, said experts on Wednesday.
The increase in October's CPI was led by seasonal items such as egg, fruit, vegetable, and pulses among others.
Madhavi Arora, Economist, Fx and Rates, Edelweiss Securities, said inflation has been on account of an increase in the prices of vegetables.
"The inflation print has surprised on the upside on account of vegetable inflation in October. While food inflation has rocked the sub-4 per cent comfort for headline print, the YoY uptick in food prices comes after two consecutive years of slumping growth, specially built up in pulses and sugar, and the sequential increase remains comfortable on an average in FY20," said Arora in a statement.