In December, the rate of retail inflation had stood at 3.41%, food inflation at 0.53%
It was at 3.4% in December 2016
Contraction in demand after demonetisation cited as the main reason
CPI inflation declines to the lowest in new series; WPI lowest in four months
Consumer Food Price Inflation for September 2016 was 3.88%
Inflation has been higher in rural areas than urban parts for five years, says a CRISIL study
The decline in inflation trajectory is expected to be driven by several factors like fall in pulse prices, projection of above normal monsoon
D&B expects WPI inflation to be in the range of 4-4.2 per cent and that of CPI to be 6.1-6.3 per cent in August this year
This is the highest year-on-year change in the CPI in the last 24 months and it is a substantial rise from the June levels above 5.77%
Jaitley said the last two years of UPA government had double digit price rise, with CPI inflation at 10.2 per cent in 2012-13