Business Economy

Higher food prices push up inflation

Retail inflation accelerated for the second consecutive month, touching a 14-month high of 3.99% in September. The rates were driven up largely by quickening food prices, official data released on Monday showed.

Growth in the Consumer Price Index quickened in September from 3.28% in the previous month. Inflation in the food group accelerated to 4.7% in September — the highest since December 2017 — up from 2.96% in August. But housing saw inflation slowing to 4.75% in September from 4.84% in August. Inflation in paan, tobacco and other intoxicants eased in September to 4.59% from 5% in the previous month.

Source: thehindu.com

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