October retail inflation softens to 4.20 per cent
NEW DELHI, NOVEMBER 15:
Aided by lower food articles inflation, the Consumer price index (CPI)-based inflation for October 2016 came in at 4.20 per cent.
This is lower than retail inflation print of 4.39 per cent in September 2016 and 5 per cent in October last year.
Food articles--which have weightage of 46 per cent in overall CPI index--inflation softened to 3.32 per cent in October 2016 from 3.96 per cent in September 2016. Food articles inflation stood at 5.25 per cent in October last year.
Food inflation dipped on the back of deflationary pressures from vegetables (-5.74 percent) and some moderation in pulses inflation at 4.71 per cent.
While October 2016 CPI-based inflation in urban areas came at 3.54 per cent (4.28 per cent in October 2015), the retail inflation in rural areas in October 2016 stood at 4.78 per cent (5.54 per cent in October 2015).