- Tag results for Inflation
Increasing population in past 10 years have resulted in increase of housing prices.
Various food articles saw reduction of their prices as prices of petrol and diesel increased.
Although this allows easier lending policies, sinking farm prices challenge the rural sector.
Even on a year-on-year (YoY) basis, the Consumer Price Index (CPI) in October 2018 was lower than in the corresponding period of last year, when retail inflation stood at 3.58 per cent.
The inflation in the economy is your biggest enemy when it comes to money. Your money today is not worth so much 10 years from now.
Indian exports contracted by 2.15 per cent in September for the first time since March this year, despite a narrower trade deficit.
The RBI mainly takes into account retail inflation data while formulating monetary policy.
Latest data suggest headline inflation continues to be an obedient child, as it ought to be.
Analysts polled by Reuters had forecast September's annual increase in the consumer price index at 4.0 percent, compared with August's 3.69 percent.
However, high double-digit inflation in fuel at 17.73 per cent remained a matter of concern.
Macroeconomic data announced during the week as well the news of the Prime Minister’s impending meeting on Saturday have been positive for the markets.
The inflation-based on Consumer Price Index was recorded at 4.17 per cent in July and 3.28 per cent in August this year.
The lower retail inflation print comes amid a spike in petrol and diesel prices that have been on the rise since August 16.
While oil prices have risen nearly 15 per cent this year, the rupee touched an all-time low of 72 per dollar on Thursday and was expected to hover near there on a worsening trade balance.
The index of industrial production for the month of July will be announced Wednesday, as will the inflation rate based on the Consumer Price Index for August.