SME Times is powered by   
Search News
Just in:   • Opposition walks out as budget presented in Punjab assembly  • Keen to join government national health initiative: J&J Medical India  • Fadnavis 'sold out' Maharashtra's interests on IFSC: Congress  • Apple's Tim Cook urges calm amid US, China trade war fears  • Punjab sets target of 130 lakh tonnes of wheat procurement 
Last updated: 12 Oct, 2017  

Inflation THMB Retail inflation static at 3.28% in September

   Top Stories
» India committed to help Africa grow: Naidu
» Prabhu chairs round-table of Invest India
» GST results in higher industrial activities, sales: Minister
» Minister urges agribusiness cos to explore more agri-marketing opportunities
» Corporate sector has to reform, perform and transform: Naidu
SME Times News Bureau | 12 Oct, 2017
Country's annual retail inflation remained static in September with a marginal drop in the food prices, official data showed on Thursday.

According to the data furnished by the Ministry of Statistics and Programme Implementation, September's consumer price index (CPI) inflation remained static at 3.28 per cent as compared to August.

On a sequential basis, the country's Consumer Food Price Index (CFPI) dropped to 1.25 per cent during the month under review when compared to 1.52 per cent in August 2017.

However, on a year-on-year (YoY) basis, the country's September retail inflation was lower than the 4.39 per cent CPI rate reported for the corresponding month of last year.

The YoY CPI dropped to 3.44 per cent in urban areas and 3.15 per cent in rural areas in September as compared to 3.64 per cent and 5.04 per cent respectively in the corresponding period last year.

As per the ministry's data, retail inflation on a YoY basis fell due to a fall in the prices of food items like pulses, eggs and spices.

The data on a YoY basis showed that vegetables in September became costly by 3.92 per cent, while cereals prices rose by 3.70 per cent.

Other notable categories such as milk-based products became dearer by 3.87 per cent and meat and fish recorded a rise of 3.19 per cent.

Food and beverages during the month under consideration recorded a rise of 1.76 per cent over the same month last year.

Among non-food categories, the 'fuel and light' segment's inflation rate accelerated to 5.56 per cent in September.

Print the Page Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 24 Mar, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(23)
» Draft agriculture export policy(9)
» RBI ban on LoU to severely impact MSMEs: PPMAI(2)
» Budget boost to MSMEs(1)
» MSME loans: Allahabad Bank's mega camp sanctions Rs 1,003 cr(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter