CPI remains benign at 3.77% in Sept; Aug IIP at better-than-expected 4.3%

Slight pick up in CPI driven by higher food and fuel prices and a depreciating rupee

Retail inflation (CPI) rate slightly picked up to 3.77 per cent in September, government data showed on Friday, driven by higher food and fuel prices and a depreciating rupee. 

Analysts polled by Reuters had forecast September's annual increase in the consumer price index at 4.0 per cent, compared with August's 3.69 per cent. 

Industrial production (IIP) grew by 4.3 per cent in August, down from 4.8 per cent in the year-ago month.  

Analysts polled by Reuters had forecast September's annual increase in the consumer price index at 4.0 per cent, compared with August's 3.69 per cent.

Tushar Arora,