Retail inflation quickens to 3.99% in September

Annual retail inflation in September was much-higher compared with 3.21% in the previous month, and analysts’ forecasts.

Updated on: Oct 14, 2019, 18:43:19 IST

New Delhi | By Anonymous

Prefer HTon Google

Share via

Copy link

Retail inflation spiked to 3.99 per cent in September mainly due to higher prices of food items, government data showed on Monday.

Workers unload sacks of potatoes from trucks at the Vashi Agricultural Produce Market Committee (APMC) wholesale market in Mumbai, India, on Thursday, Oct. 3 2019. (Bloomberg)

The consumer price index (CPI) based inflation was registered at 3.28 per cent in August. On year-on-year basis, the inflation was 3.70 per cent in the September 2018.

The price rise in the food basket was recorded at 5.11 per cent in September, as against 2.99 per cent in the preceding month, data from the Ministry of Statistics and Programme Implementation (MoSPI) showed.

The inflation print for vegetables shot up to 15.40 per cent during the month.

However, the headline inflation still remained within the comfort zone of the Reserve Bank, which mainly factors in CPI while arriving at its bi-monthly monetary policy.

Get the latest India News, breaking headlines and real-time updates from across the country. Stay informed about politics, government policies, crime, weather and major national developments.