CPI remains below the 4% mark

• HDFC securities
• 23 Oct 2018
• Knowledge Centre

As revealed by data from the Central Statistics Office, the consumer price inflation (CPI) number rose in September 2018. However, it remained below 4%.

 

Retail inflation came in at 3.77% in September 2018 as against 3.69% in Aug-18. The inflation rate was within the RBI’s target of 4% for September 2018. The retail inflation figure, based on the CPI, dipped to hit a 10-month low in August 2018.

 

Retail inflation was moderate for fruits and displayed an upward trend for milk products, cereals, meat, fish, and eggs during September 2018. The CSO data further revealed that the overall inflation rate in the consumer food basket rose to 0.51% as compared to 0.29% in August 2018. Fuel and light inflation was flat at 8.47% during September 2018.