NEW DELHI, Oct 12 (Reuters) – India’s annual retail inflation eased to a three-month low in September on softer food prices, government data showed on Thursday.
The South Asian country’s annual retail inflation (INCPIY=ECI) rose 5.02% in September from 6.83% the previous month. A Reuters poll of 66 economists had forecast a rate of 5.50%. Retail inflation in June, which was lower than the latest figure, was 4.81%.
September inflation was below the Reserve Bank of India’s upper tolerance band of 2%-6%.
Food inflation, which accounts for nearly half of the overall consumer price basket, rose 6.56% in September as compared with 9.94% in August.
This report is given by Reuters news service. The Sen Times holds no responsibility for its content.