Retail inflation scales 14-month high in Sept

October 14, 2019 21:21

Retail inflation climbed to a 14-month high of 3.99 per cent in September due to costlier vegetables and pulses but still remained within the Reserve Bank of India's comfort zone, government data showed on Monday.

The Consumer Price Index-based inflation stood at 3.28 per cent in August and 3.70 per cent in the September 2018.

The previous high was 4.17 per cent in July 2018.

However, the wholesale inflation in September slipped to an over three-year low of 0.33 per cent.

The CPI data released by the National Statistical Office (NSO) showed that the rate of price rise in the food basket in September 2019 was 5.11 per cent as against 2.99 per cent in the preceding month.

The inflation print for vegetables shot up to 15.40 per cent during the month from 6.9 per cent.

Besides, price rise in pulses and meat and fish baskets for the reported month was higher over August.

However, there was a decline in inflation in the fuel and light segment.

The RBI, which has been slashing the key interest rate (repo) since January 2019, mainly factors in CPI while arriving at its bi-monthly monetary policy. -- PTI

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