Inflation accelerates to 7.41% in September 2022, highest since April
2 years, 2 months ago

Inflation accelerates to 7.41% in September 2022, highest since April

The Hindu  

India’s retail inflation accelerated to 7.41% in September from 7% in August, with food price inflation surging sharply from 7.62% in August to 8.6% in September, the National Statistical Office said on Wednesday. At 7.41%, September’s retail inflation level is the highest since April this year, when price rise had hit a nearly eight-year high of 7.79%. The country’s rural inflation also picked up further steam from 7.15% in August to reach 7.56% in September, while urban consumers also experienced a resurgence in price rise at 7.27% from 6.72% a month ago. The pace of price rise for cereals increased to 11.53%, with rural India facing nearly 12% inflation in this segment in September, up sharply from 9.6% in August and nearly doubling from the 6.9% level in July.

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