- Tag results for Retail inflation
Lower food prices haven’t brought cheer as farmers have been struck with abysmally low prices for their produce in many categories.
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 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.
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.
The CSO data revealed that inflation in vegetables declined by (-) 2.19 per cent last month, compared to 7.8 per cent in June.
Wholesale price-indexed (WPI) inflation in India during June stood at 5.77 per cent compared to 4.43 per cent in the previous month, official data showed on Monday.
In June, consumer prices rose 5.00 percent from a year earlier, compared with a 4.87 percent increase in May, the statistics department said on Thursday.
The last revision for gross domestic product (GDP), the index of industrial production (IIP) and the consumer price index (CPI), or retail inflation happened between 2011-2012 and 2012 respectively.
Brent crude was selling at $76.17 per barrel on Tuesday, up from $48.72 on June 13, 2017.The fuel price rise has had a direct impact on transportation costs, especially of high volume goods like food.
Mounting price pressure is a concern for the RBI, with its own projections for inflation raised compared with the ones made in May.