Retail inflation eases to 4.31 per cent

The retail inflation eased last month to 4.31 per cent from 5.05 per cent in August and 4.41 per cent reported during the corresponding period of last year.

By: Express Web Desk | New Delhi | Updated: October 13, 2016 6:15 pm
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The annual consumer price inflation eased to 4.31 percent in September, its lowest level in 13 months, helped by smaller rises in food prices, government data showed on Thursday.

According to CPI (Consumer Price Index) data released by the Central Statistics Office (CSO), the fall in retail inflation was due to a rather sharp drop in the annual food inflation — from 5.91 per cent in August to 3.88 per cent in September.

The CPI data revealed that the annual retail inflation for rural India was 4.96 per cent, while that for the urban centres was 3.64 per cent.

The annual food inflation was 4.43 per cent in rural areas and 2.88 per cent in the urban conclaves.

Various economists had expected annual retail inflation to come in at 4.80 percent last month, compared with 5.05 percent in August.

Food inflation was 3.88 percent last month, much slower than 5.91 percent recorded in August.