India: Consumer price inflation accelerates in September
October 14, 2019
In September, consumer prices rose 0.55% compared to the previous month, edging down from the 0.56% increase in August. The increase was largely due to more expensive food and beverages, which, as a category, account for over half of the weight of India’s consumer price basket.
Consumer price inflation accelerated to 4.0% in September, up from 3.3% in August. As a result, inflation hit the 4.0% midpoint of the Reserve Bank of India’s (RBI) target range of 2.0%–6.0%.
Wholesale prices decreased 0.08% in September compared to the previous month, contrasting August’s 0.08% increase. Wholesale price inflation, meanwhile, slowed to 0.3% in September from 1.1% in August.
Author: Edward Gardner, Economist