Retail inflation cools to year-low of 3.31 pc in Oct
Team Udayavani, Nov 12, 2018, 6:48 PM IST
New Delhi: Retail inflation fell to a one-year low of 3.31 per cent in October on the back of cheaper kitchen staples, fruits and protein-rich items, official data released Monday showed.
The inflation based on the Consumer Price Index (CPI) was 3.7 per cent in September 2018 and 3.58 per cent in October 2017. The retail inflation number is the lowest since September 2017 when it touched 3.28 per cent.
The rate of price rise in the food basket contracted by 0.86 per cent in October compared to 0.51 per cent rise in September, according to the Central Statistics Office data.
Vegetable prices declined by 8.06 per cent in October against a 4.15 per cent contraction in September.
Inflation also slowed to 0.35 per cent in the fruit basket as against 1.12 per cent recorded a month ago.
The retail inflation also cooled in protein-rich items like cereals, eggs, milk and related products.
However, inflation quickened to 8.55 per cent for the ‘fuel and light’ category against 8.47 per cent in the previous month.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Nifty, Sensex rally for 6th day running on firm Asian peers; Tech Mahindra jumps over 12%
IndiGo, Air India plan to purchase up to 170 wide-body planes in little over a year
Kotak Mahindra Bank shares tank 13%; mcap erodes by Rs 37,721 crore post RBI action
Four-day market rally makes investors richer by Rs 8.48 lakh crore
Kotak Bank barred from onboarding customers online, issuing fresh credit cards
MUST WATCH
Latest Additions
Karnataka officials don vibrant sarees to promote voter participation
Omar, Mehbooba ask EC not to postpone polls in Anantnag-Rajouri LS seat
SC to consider plea of MP Bar Council leaders against contempt proceedings
Karnataka sees over 22% voter turnout in 14 Lok Sabha seats by 11 AM
7 intermediate students die by suicide after announcement of results in Telangana