Retail inflation in the country for the month of September has fallen to 4.35%, the lowest since April 2021. In the previous month, inflation was at 5.3 percent.
There has been witnessed some cooling off in the food prices. In the September month food CPI inflation index came in at 0.68 percent in September, compared with 3.11 percent in August. In the months of May and June, the CPI inflation level breached the MPC's targeted levels of 4(+/-) percent.
The inflation level has been well under control because the major part of the inflation is constituted by the food inflation. The prices are under controlled levels despite petrol and diesel prices being at record high levels.
The only concern is around edible oil inflation which has surged by over 30 percent YoY in September.