Retail Inflation Surges to 5.49% in September Due to Food Price Rise
By Rediff Money Desk, New Delhi 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.
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.
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
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
MORE NEWS
SBI Launches Innovation Hub at Singapore...
State Bank of India (SBI) launches an innovation hub at Singapore Fintech Festival,...
Bharti Telecom Buys Airtel Shares for Rs 11,700...
Bharti Telecom has acquired a 1.2% stake in Bharti Airtel from Indian Continent...
Satcom To Complement, Not Compete With...
India's Minister of State for Communications, Chandra Sekhar Pemmasani, states that...