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Sept CPI inflation cools down to all-time low of 6.46%

A CNBC-TV18 poll expected the data to be around 7.2 percent. The wholesale price inflation is also expected to tick down to 3.3 percent from last month’s 3.7 percent, due to a steady fall in global crude oil prices, which hit a near two-year low on Thursday.

Reporter's Diary

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The consumer price inflation for the month of September cooled off to its all-time low of 6.46 percent led by lower food prices and fuel costs. The August CPI inflation has been revised to 7.73 percent from 7.8 percent. The food inflation trimmed down to 7.67 percent against 9.42 percent month-on-month. The vegetable price inflation lowered significantly to 8.59 percent versus 15.15 percent from August.

While prices were trending lower, analysts said the Reserve Bank of India’s inflation target further out in January 2016 may be difficult to achieve.

A CNBC-TV18 poll expected the data to be around 7.2 percent. The wholesale price inflation is also expected to tick down to 3.3 percent from last month’s 3.7 percent, due to a steady fall in global crude oil prices, which hit a near two-year low on Thursday. The WPI data will be released on Tuesday.

However, the index of industrial production (IIP) for the month of August that came below expectations, at 0.4 percent against 0.5 percent in the month of July may keep the market jittery.

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