New Delhi: Retail inflation rose to 5.49 per cent in September from 3.65 per cent in the preceding month mainly due to higher food prices, according to official data released on Monday. The consumer price index-based inflation was 5.02 per cent in September 2023.
The National Statistics Office data showed that inflation in the food basket rose to 9.24 per cent in September from 5.66 per cent in August and 6.62 per cent in the year-ago month. The Reserve Bank, which kept the key short-term lending rate unchanged earlier this month, has been tasked by the government to ensure inflation remains at 4 per cent with a margin of 2 per cent on either side.
In September, retail inflation in India increased at the fastest rate in nine months due to higher food prices, according to government data released on Monday. Economy Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
