New Delhi, Oct 12 (TIWN) India's sequential retail price inflation spiked in September to 7.34 per cent from 6.69 per cent in August, official data showed on Monday.

The rate of price rise in the food basket was 10.68 per cent in September compared to 9.05 per cent in August, as per the data released by the National Statistical Office (NSO) on Monday.  The Reserve Bank of India mainly factors in retail inflation while deciding on the key interest rate.