Inflation for October 2024 edged up slightly to 22.1%, compared to 21.5% in September, driven by increases in both food and non-food inflation.
This marks the second consecutive monthly rise following a five-month decline. Food inflation rose from 22.1% to 22.8%, while non-food inflation ticked up from 20.9% to 21.5%.
The government has set a year-end inflation target of 15%, but with only a month left, elevated risks may challenge the achievement of this goal.
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