#RetailInflation CPI eases to historic low at 6.46% • The rate of retail inflation in September eased to 6.46% the lowest since the series was launched in Jan 2012 driven mainly by a significant drop in food prices and subdued demand for industrial goods. • The rate, as measured by the CPI, had stood at 7.73% in August and 9.84% in September last year. • The drop in retail inflation was largely driven by the food component of it. • The retail food inflation rate declined 1.68% in the month to 7.67% from 9.35% in August partly because of the Pitra Paksha period, when Hindu devotees observe dietary restraints.
Posted on: Tue, 14 Oct 2014 10:46:45 +0000
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