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Last Updated : Nov 15, 2018 04:08 PM IST | Source: Moneycontrol.com

Editor's Take | CPI inflation cools to 3.31%; Core inflation above 6%

Sakshi Batra is in conversation with Gaurav Choudhury, Deputy Executive Editor, Moneycontrol to find out if a lower headline retail inflation number is actually good news.

India’s retail inflation eased to 3.31 percent in October, the lowest in a year, as compared with 3.70 percent in September, driven by cheaper food items, as per data released by the government.

Consumer food price index witnessed disinflation, recording de-growth of 0.86 percent, from 0.51 percent in September and 1.90 percent a year ago, mainly driven by cheaper vegetables, fruits, pulses and sugar.

Despite lower inflation, experts feel that sequential hardening in the core inflation or non-food, fuel inflation, driven by miscellaneous items may pose some concern.

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A lower rate of inflation for October amid softening crude oil prices and relatively stable domestic currency lowers the possibility of a rate hike by the central bank.

Sakshi Batra is in conversation with Gaurav Choudhury, Deputy Executive Editor, Moneycontrol to find out if a lower headline retail inflation number is actually good news.

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First Published on Nov 13, 2018 02:47 pm
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