Retail inflation cools to 3.31%, lowest in a year in October

Vegetable prices fell by 8.06% in October against a 4.15 per cent contraction in September

Retail inflation rate fell to a one-year low of 3.31 per cent in October on the back of cheaper kitchen staples, fruits and protein-rich items, data released on Monday showed. The inflation remained below the four per cent mark, the average of the range that the Reserve Bank of India (RBI) is statutorily mandated to keep the inflation, for the third month in a row now. 

The inflation, based on the Consumer Price Index (CPI), was 3.7 per cent in September this year and 3.58 per cent in October 2017. The retail inflation number is the lowest since September 2017 when