30.2 C
Delhi
Sunday, August 24, 2025

Inflation increases in September, highest since April

Date:

Share post:

Donate-GC-Razorpay

No respite from high-prices and inflation can be seen anywhere around. According to statistics which came out on Wednesday, the Consumer Price Index (CPI) inflation rate touched 7.41% in the month of September, which was 7% in August, and this is the highest after the month of April this year, which was 7.79%. Last year, the rate in September was 4.35%.

Prices have risen for three months straight now and for nine months now, has been above the limit of 6% set by the RBI. In the month of September, the rates of vegetables went up by 18%, those of condiments, 16.8%. A rise of 8.41% was recorded in the rates of food and beverages, and for fuel and energy, the rise was 10.39%. In the meantime, the rates of food items have increased both in urban and rural areas.

As the inflation rate is above 6%, the RBI will have to present a report to the central government, stating why the central bank was unable to keep the inflation rate between 2 and 6%. Meanwhile, the American agency, S&P Global Ratings has said that till March 2023, inflation rates will continue to remain high in India. It added that till March, the inflation rate can remain 6.8%, while during 2023-24, there is a probability that it will go down to 5%.

On the other hand, in 2024-25, retail inflation rate can further go down to 4.5%.

Sonakshi Datta
Sonakshi Datta
Journalist who wants to cover the truth which others look the other way from.

Related articles

Stories Written in India Could Spark Global Interest: ‘The Witch, The Princess and The Tower of Doom’ Author Rajesh Talwar

Princess Pihu is a strong and helpful female protagonist, in this unique tale that defies fairy tale clichés....

Minister says MSMEs are on way to digital transformation

New Delhi: Minister of State for Micro, Small and Medium Enterprises Shobha Karandlaje today told the Lok Sabha...

Parliamentary panel flags US climate fund withdrawal, urges India to lead by example

New Delhi: A parliamentary panel has voiced concern over the United States’ withdrawal from its $100 billion commitment...

Opposition Vice President pick B Sudershan Reddy files nomination

Opposition Vice-Presidential candidate Justice (Retd) B Sudershan Reddy today filed his nomination papers.He filed the nomination in presence...