Food prices reached their highest level in 15 months in October, causing a significant increase in retail inflation, which surpassed the Reserve Bank's tolerance level of 6.2 percent.

This represents a notable rise from September's 9.2 percent, raising concerns among policymakers. Core inflation also experienced an uptick, rising to 3.7 percent after a 20-basis-point increase.

The latest inflation figures pose a significant challenge for the Monetary Policy Committee (MPC) as they prepare for their upcoming review meeting in December. Given the current economic conditions, the MPC is expected to proceed cautiously, potentially delaying any planned 25-basis-point rate cut until February. This situation sets the stage for a lively debate among rate-setters as they navigate the complexities of rising prices and economic stability.