The states that witnessed high CPI-based inflation rates were Lakshadweep, Tripura, Odisha, Uttar Pradesh, Kerala, Madhya Pradesh, Puducherry, Tamil Nadu, Rajasthan, Manipur and Mizoram
Monetary policy today is on the right track, delivering 4% year-on-year CPI inflation, which is the most that it can do
The RBI is expected to reduce its policy rate to 4.5% in this rate cycle, economists say
The CPI food inflation rate rose to 5.11 per cent in September
Experts say too early to call it 'industrial recovery'
Among the food items, the sharpest YoY uptick was for vegetables at 6.9%, pulses and products at 6.94%, and meat and fish at 8.51%
Retail inflation inched up to 3.21% in August compared to 3.15% in July
Fuel and light saw deflation in July at 0.36 per cent against 2.32 per cent inflation in the previous month
Business building will be put on better foundations when we fully adapt the assumptions underlying financial analysis to the new low-inflation environment
SBI Group Chief Economist Soumya Kanti Ghosh said the Central Statistics Office should clarify doubts over this significant increase
Falling international crude prices had its impact on the inflation rate
It will offer hints on prospects of construction and finance sectors
The RBI would be watching this number closely and an adverse report on monsoon or a further spike in oil prices could hasten a rate hike in the coming policy
Food inflation rose to 3.1 per cent, from 2.8 per cent in April while vegetable prices rose 8.40 per cent, from 7.29 per cent
As per the data of the Central Statistics Office (CSO), food inflation rose to 3.10 per cent last month, as against 2.8 per cent in April
The direct impact of the increase in the house rent allowance announced by the government fades away by December 2018
The cess was also raised on luxury cars from the middle of September but the impact was not that much
In the fuel and light segment, it was 7.92%, as against 6.36% in October
Mainly pushed by high food prices during the month, the CPI-based inflation breached the RBI's medium-term target of 4%
Retail inflation has been steadily rising since June