CPI inflation declined to 6.46 percent in September 2014

• Consumer Price Index (CPI) inflation or retail inflation of September 2014 stood at 6.46 percent as compared to the 7.3 percent in August 2014. The CPI inflation data was released by the Ministry of Statistics and Programme Implementation on 13 October 2014.
• The retail inflation of September 2014 is the second straight fall, due to lower food and fuel costs. This fall is the lowest since the new series of Consumer Price Index was released in January 2012.
• The retail inflation of fuel and light cost came down to 3.45 percent from 4.15 percent of August 2014.
• The retail inflation for over all food inflation dropped to 7.67 percent in September 2014 from 9.35 percent in August 2014.
• The retail inflation of fruits slowed to 22.4 percent in September 2014 from 24.27 percent in August 2014. There is a price rise in protein rich items like eggs, fish and meat was slower in September against August 2014.
• The retail inflation is 6.34 percent in urban areas and 6.68 percent in rural areas in September in 2014.
• The RBI is expected to reduce the CPI inflation 8 percent by January 2015 and 6 percent by January 2016.