CPI Inflation Comes Down To 6.46% For September

DSIJ Intelligence / 13 Oct 2014

CPI Inflation Comes Down To 6.46% For September

After some disappointing IIP numbers there is some good news in the inflation front. Inflation measured by consumer price inflation (CPI) has eased for a second straight month in September to 6.46% as against 7.8% in August.

After some disappointing IIP numbers there is some good news in the inflation front. Inflation measured by consumer price inflation (CPI) has eased for a second straight month in September to 6.46% as against 7.8% in August.

The fall in the inflation was largely led by the fall in food price inflation, which came down to 7.67% for the month of September as compared to 9.35% in the month of August. The vegetable price inflation fell drastically to 8.59% versus 15.15% in the same time. Clothing, Bedding, Footwear inflation was reported at 7.59% versus 8.5% in August

                              Inflation rates based on CPI (General) and CFPI

Indices

September 2014 (Prov.)

 August 2014

September 2013

Rural

Urban

Combd.

Rural

Urban

Combd.

Rural

Urban

Combd.

CPI (General)

6.68

6.34

6.46

8.27

7.04

7.73

9.71

9.93

9.84

CFPI

7.78

7.45

7.67

9.75

8.40

9.35

11.79

11.50

11.75

Note: Combd. – Combined; Prov.  – Provisional; CFPI –Consumer Food Price Indices

The wholesale price index (WPI) data will be released on 14th October 2014

Though CPI has come down to all time (since 2012, from when it is calculated) it is still above the comfort zone of RBI and hence we feel any rate cut will still take some time.

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