Good News Double Boost! Consumer Inflation falls to 3.3% in Oct, Factory output steady

[Anish Pai]

In a good news for economy, the CPI inflation cooled to 3.31 percent percent in October from 3.77 percent in September on low food prices, official data showed Monday. Analysts polled by Reuters had forecast October’s annual increase in the consumer price index at 3.67 percent, compared with a downwardly revised 3.70 percent in September. The retail inflation number is the lowest since September 2017 when it touched 3.28 percent.

The prices of vegetables fell by 8.06 per cent in the month of October in comparison to a 4.15 percent contraction in September. In the fruit basket, the inflation also slowed to 0.35 percent in when compared to 1.12 percent recorded previous month.

Source: Double boost! CPI inflation falls, factory output steady; check October CPI, September IIP details
Retail inflation eases to one-year low of 3.3% in October on fall in food prices; IIP growth rises 4.5% in September - Firstpost

 

[iDJ]

Good that the prices of vegetable fell. Meanwhile prices of fuel increased.

 

[Endgame]

Good to see the falling indices. Hope the benefits will reach to farmers & consumers.