Food inflation at 10.68 per cent in September, against 9.05 per cent in the previous month, is the crux of worry
Days after the
Reserve Bank of India (RBI) predicted gradual easing of retail inflation, consumer price index-based
inflation for September came in at 7.34 per cent, from 6.69 per cent in the previous month on account of rising food prices. This marks the highest level recorded in eight months, and well above the RBI’s target range of 2-6 per cent. Though moderation is expected after the kharif harvest, an uptick in
inflation when economic recovery is underway is troublesome. Food
inflation at 10.68 per cent in September, against 9.05 per cent in the previous month, is the crux of worry.