India's retail inflation surged to a two-year high of 6.09% in October, breaching the RBI's 6% upper tolerance limit as food prices climbed sharply. Economists now expect another 25-basis-point rate hike in December amid broadening inflationary pressures. India's retail inflation climbed to a two-year high of 6.09% in October 2026, breaching the Reserve Bank of India's (RBI) upper tolerance limit of 6%, as rising food prices and broader cost pressures pushed up.