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Thursday, Nov 21, 2019

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.

india Updated: Oct 14, 2019 18:43 IST
Press Trust of India
Press Trust of India
New Delhi
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.
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)
         

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

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.