India's retail inflation rises to 7.34% in September — mainly due to higher food prices
Oct 12, 2020, 18:13 IST
Retail inflation rose to 7.34 per cent in September, mainly on account of higher food prices, according to government data. The inflation based on the Consumer Price Index (CPI) stood at 6.69 per cent in August. It was 3.99 per cent in September last year.
The rate of price rise in the food basket was 10.68 per cent in September compared to 9.05 per cent in August, as per the data released by the National Statistical Office (NSO) on Monday.
The Reserve Bank of India mainly factors in retail inflation while deciding on the key interest rate.
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The rate of price rise in the food basket was 10.68 per cent in September compared to 9.05 per cent in August, as per the data released by the National Statistical Office (NSO) on Monday.
The Reserve Bank of India mainly factors in retail inflation while deciding on the key interest rate.
SEE ALSO:
China launches Earth observation satellite amid border tensions with India
Massive power cut across Mumbai due to grid failure —electricity restored in certain areas
Sitharaman offers states ₹12,000 crore interest-free for the next 50 years if they can spend it on capital projects by March 2021