Retail inflation eases to four-month low of 4.87%
The Hindu
October retail inflation at 4.87%, lowest in 4 months; food prices up 1.06%. Rural inflation 5.1%, urban 4.65%.
India’s retail inflation pace eased to a four-month low of 4.87% in October from a tad over 5% in September, with the rise in vegetables prices easing to 2.7% from 3.4% even though overall consumer food price inflation remained virtually unchanged at 6.6%.
Inflation faced by rural consumers eased from 5.33% in September to 5.1%, but urban households saw a fractional increase in inflation at 4.65%. On a month-on-month basis, consumer prices were up 0.65%, while food prices were up 1.06%, with urban food prices rising 1.14%.
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