Retail inflation: Retail inflation may reach a five-month high in September due to a rise in food prices

Posted on 11th Oct 2022 03:48 pm by rohit kumar

Retail inflation may rise to 7.30 percent in September due to abnormal rains and a rise in food prices. This will be a five-month high of retail inflation since April this year.

 

 

With this, it will be the 9th consecutive month that inflation based on retail prices will be above the RBI's upper limit. In August it was 7 percent. A survey of 47 economists claimed that the price of daily consumption items such as cereals and vegetables has been rising continuously for two years due to supply constraints and abnormal rains due to Russia's invasion of Ukraine. The poor and middle-class people already facing economic setbacks due to Corona will be further affected by this increase as they spend a major part of their earnings on food. The government is likely to release retail inflation data on October 12.

 

 

Prices of cereals and pulses raised concern

 

CRISIL Economist Dharmakirti Joshi said the rise in food prices has put pressure on the retail inflation front. It is a matter of concern that the inflation of cereals and pulses, which have been falling for a long time, will increase at an unprecedented pace.

 

Also Read: Festive Season: The market running with the double engine in the festive season, benefiting from online shopping

Other news

US Nashville School Attack: The attacker had bought seven guns, and the shooter was identified as transgender

There have been new revelations in the shooting case at the school in Nashville, USA. According t

Imran Khan said on Pakistan's next army chief- 'It doesn't matter to me, it will be important for Sharif-Zardari'

PTI chief Imran Khan reacts to Pakistan's next Pak army chief. PTI chief Imran Khan has said that

IND vs ENG: 'It did not seem that Shubman Gill would be out', Ravindra Jadeja called the Indian captain unlucky; know why?

With the help of Shubman Gill's record double century (269), the Indian team scored a huge score

National Voters Day: 'Your vote will decide what will be the direction of India', PM Modi's message to young voters

Prime Minister Narendra Modi addressed young voters on National Voters' Day on Thursday. During t

Atmanirbhar Bharat: The country is becoming the father of technology, Ashwini Vaishnav said - India has set a journey of development in eight years

India is developing very fast in the field of technology. Today the situation is that India is be

Preparations to hand over power to Chinfing again in China, anger among people over strict zero Covid policy

The seven-day meeting of the 20th National Congress of the Communist Party of China is underway a

After divorcing from Natasa Stankovic, Hardik Pandya's son Agastya reached out to meet him for the first time, heart touching picture went viral in minutes

Hardik Pandya Meets Son Agastya: Team India's star all-rounder Hardik Pandya has divorced his wif

Kanguva Teaser: Sit tight, the teaser of Surya's film 'Kanguva' will come today at this time, the poster increased the excitement.

Suriya starrer 'Kanguva', being directed by Siruthai Siva, has been in the news since its announc

RBI report on money going abroad: Pre-Covid travel expenses doubled, but studies abroad reduced by 28%

RBI has released a report on the spending of Indians abroad. It has been revealed that in the fir

National Doctors Day 2023: With which theme National Doctors Day is being celebrated this time, know its history

National Doctors Day 2023: Like every year, National Doctor's Day is being celebrated across the