Creating more leg room for the central bank to lower rates to boost
industry, retail inflation eased to a 13-month low as food items such as
vegetables and pulses became cheaper.
Official data released on Thursday Oct 13,2016 revealed that consumer price index
(CPI) based inflation eased to 4.31 % in September as against
5.05 % in August. It was 4.41 % in September 2015.
Similarly, consumer food price inflation also eased to 3.88 % in
September – the same level as it was a year ago.
In August 2016, retail
food inflation had risen to 5.91 %
Amongst food items, inflation rate of vegetables contracted to 7.21 % in September 2016 from a 1.02 % growth in August 2016
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