NEW DELHI: The retail inflation for September dipped to 5.02% from 6.83% in July owing to further easing of prices of vegetables, data released by government showed.
With this, the inflation has now again come within the Reserve Bank of India’s comfort zone threshold of 6% after two straight months of breaching it.
With this, the inflation has now again come within the Reserve Bank of India’s comfort zone threshold of 6% after two straight months of breaching it.
In July, the inflation had skyrocketed after a sharp prices in prices of food, especially tomatoes, across the country.
It eased to 6.83% in August amid cooling of prices.
Meanwhile, India’s industrial production increased by 10.3 per cent in August, according to the official data.
Factory output measured in terms of the Index of Industrial Production (IIP) had contracted by 0.7 per cent in August 2022.