India's September CPI Accelerates to 5.54% as Onion Inflation More Than Doubles to 108.09%
Updated
Updated · IndexBox, Inc. · Oct 12
India's September CPI Accelerates to 5.54% as Onion Inflation More Than Doubles to 108.09%
3 articles · Updated · IndexBox, Inc. · Oct 12
Summary
September retail inflation rose to 5.54% from 4.83% in August, with food inflation accelerating to 7.74% from 5.97%, according to provisional government data.
Rural price pressures ran hotter than urban ones: headline inflation reached 6.08% in rural India versus 4.88% in cities, while rural food inflation hit 8.06% against 7.18% urban.
Onion prices drove part of the food surge, with inflation jumping to 108.09% from 48.78%; other sharp increases included silver jewellery at 87.80%, ginger at 62.85% and garlic at 54.62%.
Tamil Nadu posted the highest headline inflation among large states at 6.81%, and also led food inflation at 10.62%, ahead of Odisha and Madhya Pradesh.
The September reading keeps inflation near the RBI's 2%-6% tolerance ceiling after the central bank's recent rate hike, with October CPI due on November 12.