Retail Inflation Rises to 3.99% in Sept on Costlier Food Items
The price rise in food basket was recorded at 5.11 percent in September, as against 2.99 percent the preceding month
Retail inflation spiked to 3.99 percent in September mainly due to higher prices of food items, government data showed on Monday, 14 October.
The consumer price index (CPI) based inflation was registered at 3.28 percent in August. On year-on-year basis, the inflation was 3.70 percent in the September 2018.
The price rise in the food basket was recorded at 5.11 percent in September, as against 2.99 percent 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 percent 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.
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