CPI IN­FLA­TION AT 7-MONTH HIGH

Millennium Post - - FRONT PAGE -

NEW DELHI: Costlier food items, par­tic­u­larly veg­eta­bles, pushed up re­tail in­fla­tion in Oc­to­ber to 7-month high of 3.58 per cent. The Con­sumer Price In­dex (CPI) based in­fla­tion was 3.28 per cent in Septem­ber.

It was 4.2 per cent in Oc­to­ber last year. The pre­vi­ous high was 3.89 per cent in March this year. As per the data re­leased by Cen­tral Statis­tics Of­fice (CSO), the Oc­to­ber in­fla­tion for the food bas­ket in­creased to 1.9 per cent. It was 1.25 per cent in Septem­ber. The rate of price rise in the veg­etable seg­ment al­most dou­bled to 7.47 per cent as against 3.92 per cent in Septem­ber.

Higher in­fla­tion was also noted in pro­tein rich items like eggs and milk (and its prod­ucts). How­ever, fruits were com­pa­ra­bly cheaper in Oc­to­ber on se­quen­tial ba­sis.

In­fla­tion in pulses con­tin­ued to de­cline and set­tled at (-)23.13 per cent. It was (-)22.51 per cent in Septem­ber.

Fuel and light were costlier on se­quen­tial ba­sis. Higher in­fla­tion was also noted in hous­ing seg­ment. All eyes will be on the cur­rent fis­cal's sixth bi­monthly meet­ing of the Mone­tary Pol­icy Com­mit­tee, headed by RBI Gov­er­nor Ur­jit Pa­tel, on De­cem­ber 5-6.

Re­tail in­fla­tion, a key in­put for RBI in set­ting the key in­ter­est rate, has been ris­ing con­sis­tently since June amid a slow­down in fac­tory out­put mea­sured on In­dex of In­dus­trial Pro­duc­tion (IIP).

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