Lower food prices eases retail inflation to 3-month low of 5.02pc in Sep
Retail inflation eased to a three-month low of 5.02 in September, mainly due to lower food prices, according to the government data released on Thursday.
Team RuralVoice
Retail inflation eased to a three-month low of 5.02 in September, mainly due to lower food prices, according to the government data released on Thursday.
The inflation has come back to the Reserve Bank's comfort level of below 6 per cent after a gap of two months.
The inflation based on the consumer price index (CPI) was 6.83 per cent in August and 7.41 per cent in September 2022.
The previous low was in June this year when the reading stood at 4.87 per cent.
According to the data released by the National Statistical Office (NSO), the inflation in the food basket came down to 6.56 per cent in September from 9.94 per cent in the preceding month.
The Reserve Bank mainly factors in retail inflation while arriving at its bi-monthly monetary policy.
Meanwhile, India's industrial production increased by 10.3 per cent in August, according to NSO data.
Factory output measured in terms of the Index of Industrial Production (IIP) had contracted by 0.7 per cent in August 2022.
The data released by the National Statistical Office (NSO) showed that the manufacturing sector's output increased by 9.3 per cent in August 2023.
Mining production rose 12.3 per cent during the month under review. Power output grew 15.3 per cent in August 2023.
The IIP grew by 6.1 per cent in April-August 2023 compared to 7.7 per cent in the same period of 2022-23.
