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Retail inflation rate expected to gradually decelerate after Sept: Report

Consumer price-led inflation is expected to gradually decelerate after September, helped by a fall in commodity prices and easing food inflation, analysts said

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(Illustration: Reuters)

Reuters Mumbai
India's consumer price-led inflation is expected to gradually decelerate after September, helped by a fall in commodity prices and easing food inflation, analysts said.
 
India's annual retail inflation accelerated to a five-month high of 7.41% in September from 7% in the previous month, data released on Wednesday showed.
 
Food inflation, which accounts for nearly 40% of the CPI basket, rose 8.60% in September, compared to 7.62% in August.
"September should mark the peak for inflation," Shilan Shah, senior India economist at Capital Economics, said in a note.
 
"Late recovery in the monsoon has boosted prospects for agriculture production, which should keep

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