What's NewFood inflation eases retail prices to 3.31% YoY in October.

India's Consumer Price Index (CPI), slowed down to a thirteen-month low of 3.31% year-on-year (YoY) growth in Oct'18 after rising to near 4.79% in the first quarter of FY19. The CPI inflation fell from 3.77% YoY in Sep'18 to 3.31% YoY in Oct'18 on account of subdued food inflation. The probability of monetary tightening in December is unlikely, given the fact that we are seeing that the current level of retail inflation continues to remain below the Monetary Policy Committee's (MPC) mid-term target of 4% within a band of +/-2%. (November 12, 2018)

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Food inflation eases retail prices to 3.31% YoY in October.

 

India's Consumer Price Index (CPI), slowed down to a thirteen-month low of 3.31% year-on-year (YoY) growth in Oct'18 after rising to near 4.79% in the first quarter of FY19. The CPI inflation fell from 3.7% YoY (revised Sep'18 figure) to 3.31% YoY on account of subdued food inflation.

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