News Nation Logo

BREAKING

Retail inflation reduces to year-low of 3.31 per cent in October

PTI | Updated on: 12 Nov 2018, 06:18:17 PM
Retail inflation reduces to year-low of 3.31 per cent in October (Representative Image)

New Delhi:

Retail inflation fell to a one-year low of 3.31 per cent in October on the back of cheaper kitchen staples, fruits and protein-rich items, official data released Monday showed. The inflation based on the Consumer Price Index (CPI) was 3.7 per cent in September 2018 and 3.58 per cent in October 2017.

The retail inflation number is the lowest since September 2017 when it touched 3.28 per cent.

The rate of price rise in the food basket contracted by 0.86 per cent in October compared to 0.51 per cent rise in September, according to the Central Statistics Office data.

Read | Sensex dives 346 points amid fresh concerns over crude, rupee

Vegetable prices declined by 8.06 per cent in October against a 4.15 per cent contraction in September.

Inflation also slowed to 0.35 per cent in the fruit basket as against 1.12 per cent recorded a month ago.

The retail inflation also cooled in protein-rich items like cereals, eggs, milk and related products.

Read | BHEL fully commissions 120 MW Pulichintala hydropower plant in Telangana

However, inflation quickened to 8.55 per cent for the 'fuel and light' category against 8.47 per cent in the previous month.

For all the Latest Business News, Download News Nation Android and iOS Mobile Apps.

First Published : 12 Nov 2018, 06:08:15 PM

Videos