CPI Inflation September 2022: Inflation increased in September compared to August, retail inflation was 7.41 percent

The people who are suffering from inflation are not getting relief in recent times. There has been an increase in the retail inflation rate (CPI) in the country once again. According to the latest data, the retail inflation rate (CPI) has increased to 7.41 percent in September. It was 7 per cent in August. It was 4.35 per cent in September 2021.

The rate of retail inflation in July was 6.71 percent. The rise in inflation is due to higher than expected rise in food prices. India's retail inflation rose to 7.41% in September, the highest since April, on rising food prices and higher energy costs. Inflation in food articles has risen to 8.60 per cent from 7.62% in August. CPI rural inflation has increased to 7.56 per cent from 7.15 in August. Industrial production for August declined 0.8% year-on-year.

Data released by the National Statistical Office shows that the Consumer Price Index-based inflation (CPI) in September rose faster than in August. After this hike, the RBI will again be under pressure to increase the repo rate to control the rising prices.

After inflation remains above the 6 per cent level, the RBI will now have to submit a report to the central government explaining the reasons for its failure to control inflation. The central government has asked the RBI to ensure that retail inflation remains in the range of 2-6 per cent. In September, RBI Governor Shaktikanta Das said imported inflationary pressures felt at the beginning of this financial year have eased, but it still remains elevated in food and energy items.