For Quick Alerts
For Daily Alerts

India’s CPI Inflation Stands Below 4% For September 2018


A data from the Central Statistics Office showed that the consumer price inflation (CPI) grew in September 2018, but it was below four percent. The rallying crude oil prices during this fiscal compared to the previous year helped to balance out the modest rise added with the rise in food prices and a curtailing housing inflation.

India’s CPI Inflation Stands Below 4% For September 2018

The retail inflation stood at 3.77 percent in September 2018 as against 3.69 percent in August 2018. The retail inflation based on the CPI dipped to hit a 10 month low in August

The inflation rate has remained within the RBI's target of 4 percent for September 2018.

The retail inflation rate was moderate for fruits and it showed an upward trend for milk products, cereals, meat and fish, eggs during September.

The data further revealed that the overall inflation rate in the consumer food basket rose up to 0.51 percent compared to 0.29 percent in August. The fuel and light inflation was flat at 8.47 percent during September.

Housing inflation was recorded at 7.07 percent - September 2018, down from the previous record of 7.59 percent during August 2018.

Read more about: inflation prices crude oil fruits
Story first published: Friday, October 12, 2018, 18:59 [IST]
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more