Retail Inflation Surges to 5.49% in September Due to Food Price Rise

Oct 14, 2024 17:50

India's retail inflation climbed to 5.49% in September, driven by higher food prices. The consumer price index (CPI)-based inflation was 5.02% in the same month last year.

Photograph: Rupak De Chowdhuri/Reuters

New Delhi, Oct 14 (PTI) Retail inflation rose to 5.49 per cent in September from 3.65 per cent in the preceding month mainly due to higher food prices, according to official data released on Monday.

The consumer price index-based inflation was 5.02 per cent in September 2023.

The National Statistics Office data showed that inflation in the food basket rose to 9.24 per cent in September from 5.66 per cent in August and 6.62 per cent in the year-ago month.

The Reserve Bank, which kept the key short-term lending rate unchanged earlier this month, has been tasked by the government to ensure inflation remains at 4 per cent with a margin of 2 per cent on either side.

Source: PTI

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Retail Inflation Surges to 5.49% in September Due to Food Price Rise

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