Retail inflation climbs to 3.99 % in September
Commodity Online | October 14 2019
UPDATED 18:35:06 IST

Precious Metals rally to record highs; oil prices push higher ahead of inventories

Revisiting Our Silver and Gold Predictions

DGCX Maintains Momentum into Second Half of the Year with Strong G6 Currencies Volumes and Successful Launch of New FX Products

Precious Metals Warn Of Increased Volatility Ahead

Gold Makes Record High and Targets $6,000 in New Bull Cycle

Retail inflation climbed to 3.99% in September mainly due to higher prices of food items, government data showed.

The consumer price index (CPI) based inflation was registered at 3.28% in August. On year-on-year basis, the inflation was 3.70 per cent in the September 2018.

The price rise in the food basket was recorded at 5.11 per cent in September, as against 2.99 per cent in the preceding month, data from the Ministry of Statistics and Programme Implementation (MoSPI) showed.

The inflation print for vegetables shot up to 15.40 per cent during the month.

However, the headline inflation still remained within the comfort zone of the Reserve Bank, which mainly factors in CPI while arriving at its bi-monthly monetary policy.

 



×