Retail inflation at 99-month low of 1.54% in September

Along with relief on the food front, particularly on vegetables, fruits, pulses and cereals, base effects also had acooling effect on the latest Consumer Price Index (CPI).

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Inflation stood at 5.5 per cent in September 2024, with food prices rising over 9.2 per cent.

The National Statistics Office (NSO) estimated that rural inflation cooled sharply from 1.69 per cent in August to 1.07 percent in September, while urban inflation eased from 2.47 per cent to 2.04 per cent. Food prices were 2.17 per cent lower in rural India, and 2.47 per cent down in urban centers.

Among individual food items, oiland fats prices rose in double-digits again, with an 18.34 per cent rise in September, but vegetable prices fell over 21 per cent while pulses prices eased by more than 1sper cent.