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Business TimesofIndia

Retail inflation rises to 3.99% in September

NEW DELHI: Retail inflation based on consumer price index accelerated to 3.99 per cent in September against 3.28 per cent in August, government data showed on Monday. The figure came marginally below the Reserve Bank of India’s (RBI’s) 4 per cent target.

This is the 14th straight month when the inflation data has remained below the RBI’s medium term target.

On year-on-year (yoy) basis, the inflation was 3.70 per cent in the September 2018.

Food price inflation in September came at 5.11 per cent against 2.99 per cent in August, ministry of statistics and programme implementation stated.

The inflation print for vegetables shot up to 15.40 per cent during the month.

In another set of data released by the ministry, wholesale (WPI) inflation eased to 0.33 per cent in September led by lower inflation in fuel and manufactured goods.

The Reserve Bank mainly factors in the CPI data while arriving at its bi-monthly monetary policy.

(With agency inputs)

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