Indian economy

Recovering food prices lift retail inflation to a seven-month high in October

The Consumer Price Index-based inflation rose to 3.58% in October.

India’s Consumer Price Index-based inflation rose to 3.58% in October, the highest in seven months, data released by the Central Statistics Office on Monday showed. The figure in September was 3.28%, flat since August.

The growth in the Consumer Food Price Index – an indicator for food prices – also recovered in October, to 1.90%, after it had slowed to 1.25% in September.

Consumer price inflation had fallen to a record low of 1.46% in June following a drop in food prices, but has recovered steadily since then. The Reserve Bank of India targets a retail inflation rate of 4%, with a tolerance band of 2%-6%. June was the first month the inflation fell outside the band since inflation targeting was first adopted by India.

The central bank’s Monetary Policy Committee will meet next month for its bimonthly policy review, where it sets the repo rate to keep inflation within the target range.

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Bringing the glamour back to flying while keeping it affordable

The pleasure of air travel is back, courtesy of an airline in India.

Before dinner, fashionable women would retire to the powder room and suited-up men would indulge in hors d’oeuvres, surrounded by plush upholstery. A gourmet meal would soon follow, served in fine tableware. Flying, back in the day, was like an upscale party 35,000 feet up in the air.

The glamour of flying has been chronicled in Keith Lovegrove’s book titled ‘Airline: Style at 30,000 feet’. In his book, Lovegrove talks about how the mid-50s and 60s were a “fabulously glamorous time to fly in commercial airlines”. Back then, flying was reserved for the privileged and the luxuries played an important role in making travelling by air an exclusive experience.

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This article was produced by the Scroll marketing team on behalf of Vistara and not by the Scroll editorial team.