Retail inflation fell dramatically to 4.35 per cent in September 2021Retail inflation fell dramatically to 4.35 percent in September 2021 from 5.30 per cent in August 2021, generally due to a major slide in food costs which boiled down to listed below one per cent levels to settle at 0.68 per cent in September - a free fall from 3.11 per cent levels seen in August 2021.
The noticeable slide in retail inflation in September 2021 was orchestrated by fall in costs of food products like eggs, meat - fish, fruits and vegetables.The fall is even more remarkable if compared to the September 2020 levels, when retail inflation as per Consumer Cost Index (CPI) had sky soared to 7.27 percent while food inflation went beyond the 10 percent mark to reach 10.68 per cent.This was the third successive month when CPI based inflation remained listed below the 6 per cent mark.
It was 5.59 percent in July 2021 and 5.30 per cent in August 2021.
The fall in September retail inflation figures are in sharp contrast to May 2021, when it had touched 6.30 percent, generally due to supply chain disruptions owing to the 2nd wave of the Coronavirus pandemic.In June 2021, retail inflation was 6.26 percent level.Food inflation levels nevertheless have actually hit rock bottom levels in September as they went even below the 1 percent mark, compared to 3.11 percent in August 2021 and 3.96 percent in July 2021.
Egg prices was up to 172.8 in September 2021 from 177.3 in August 2021, fruits too fell dramatically to 156.8 in September from 161 in August 2021.
Veggies too came down to 162.2 September from 164.8 in August.
Meat - fish fell from 204.4 in August to 204 in September 2021.