RBI Bulletin flags broad-based rise in food prices in October

High-frequency data for October up to the 19th points to a broad-based rise in food prices, RBI officials wrote in the October RBI Bulletin. Rice, wheat and major pulses got costlier, and edible oils rose steadily, led by mustard and palm oil. Among vegetables, potato prices fell and onion's rise slowed, but tomato prices climbed.