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October retail inflation rises to 4.62 pc
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SME Times News Bureau | 13 Nov, 2019
A substantial rise in food prices lifted India's October retail
inflation to 4.62 per cent from 3.99 per cent in September, official
data showed on Wednesday.
Similarly, on a year-on-year (YoY)
basis, the Consumer Price Index (CPI) in October was higher than the
corresponding period of last year when retail inflation stood at 3.38
per cent.
According to the data furnished by the National
Statistical Office (NSO), the Consumer Food Price Index (CFPI) inflated
to 7.89 per cent during the month under review from an expansion of 5.11
per cent in September 2019 and (-)0.86 per cent reported for the
corresponding period of last year.
Significantly, the data
indicated that retail inflation level has breached the medium-term
target for Consumer Price Index (CPI) inflation of 4 per cent. The
target is set within a band of +/- 2 per cent.
Prices of vegetables, pulses, eggs, meat and fish pushed the retail food inflation higher on a year-on-year (YoY) basis.
As
per the data, the prices of vegetables rose by 26.10 per cent, pulses
and its products increased by 11.72 per cent and meat and fish by 9.75
per cent.
The sub-category of food and beverages recorded a 6.93 per cent rise last month over October 2018.
Amongst the non-food categories, the fuel and light segment's inflation decreased by 2.02 per cent in the month under review.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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