Sept re­tail in­fla­tion stays static at 3.28%

Millennium Post - - BUSINESS -

NEW DELHI: In­dia's an­nual re­tail in­fla­tion re­mained static in Septem­ber with a mar­ginal drop in the food prices, of­fi­cial data showed on Thurs­day.

Ac­cord­ing to the data fur­nished by the Min­istry of Sta­tis­tics and Pro­gramme Im­ple­men­ta­tion, Septem­ber's con­sumer price in­dex (CPI) in­fla­tion re­mained static at 3.28 per cent as com­pared to Au­gust. On a se­quen­tial ba­sis, the coun­try's Con­sumer Food Price In­dex (CFPI) dropped to 1.25 per cent dur­ing the month un­der re­view when com­pared to 1.52 per cent in Au­gust 2017.

How­ever, on a year-onyear (YOY) ba­sis, the coun­try's Septem­ber re­tail in­fla­tion was lower than the 4.39 per cent CPI rate re­ported for the cor­re­spond­ing month of last year.

The year-on-year con­sumer price in­dex dropped to 3.44 per cent in ur­ban ar­eas and 3.15 per cent in ru­ral ar­eas in Septem­ber as com­pared to 3.64 per cent and 5.04 per cent re­spec­tively in the cor­re­spond­ing pe­riod last year. As per the min­istry's data, re­tail in­fla­tion on a yearon-year ba­sis fell due to a fall in the prices of food items like pulses, eggs and spices.

The data on a year-on-year ba­sis showed that veg­eta­bles in Septem­ber be­came costly by 3.92 per cent, while ce­re­als prices rose by 3.70 per cent.

Other no­table cat­e­gories such as milk-based prod­ucts be­came dearer by 3.87 per cent and meat and fish recorded a rise of 3.19 per cent. Food and bev­er­ages dur­ing the month un­der con­sid­er­a­tion recorded a rise of 1.76 per cent over the same month last year.

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