Afternoon D & C Dedicated To Mumbai
Home > Business > Retail inflation rises to 7-month high of 3.58% in Oct

Retail inflation rises to 7-month high of 3.58% in Oct

Tuesday, November 14, 2017

Costlier food items, particularly vegetables, pushed up retail inflation in October to 7-month high of 3.58%. The Consumer Price Index (CPI) based inflation was 3.28% in September.

It was 4.2% in October last year. The previous high was 3.89% in March this year. As per the data released by Central Statistics Office (CSO), the October inflation for the food basket increased to 1.9%. It was 1.25% in September.

The rate of price rise in the vegetable segment almost doubled to 7.47% as against 3.92% in September. Higher inflation was also noted in protein rich items like eggs and milk (and its products). However, fruits were comparably cheaper in October on sequential basis.

Inflation in pulses continued to decline and settled at (-)23.13%. It was (-)22.51% in September. Fuel and light were costlier on sequential basis. Higher inflation was also noted in housing segment.

All eyes will be on the current fiscal's sixth bi-monthly meeting of the Monetary Policy Committee, headed by RBI Governor Urjit Patel, on December 5-6. Retail inflation, a key input for RBI in setting the key interest rate, has been rising consistently since June amid a slowdown in factory output measured on Index of Industrial Production (IIP).

COMMENTS
No Comments Posted
POST YOUR COMMENTS
Name:  
 
Email:    
Comments:
 
 
City news
Accused wanted in 50 cases of cheating
An accused from Punjab, who had come to ...
Mallya claims he had not fled, but had ...
Is it safe to have intercourse during the menses?
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Astrology
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)Set today aside for your hobbies and pass-times. Ganesha says doing things that you like will put you in high spirits, and it will show up in the way you behave with people you love. You may not be able to fully involve yourself in work but your seniors will be understanding.
- Advertising -
Thanks to rental services, you can now flaunt des
Get ready for the festivities with AND’s Fall-Win
GLAMGLOW introduces Starpotion Liquid Charcoal Cl
Read More