October CPI touched a 7-month high of 3.58%

The Consumer Price Index (CPI) for October has went up by 3.58 per cent in comparison to same period a year ago.

The overall food prices, as gauged by the Consumer Food Price Index (CFPI), rose to 1.90 per cent during the month under review from 1.25 per cent in September 2017.

The rise, despite a high base effect, was mainly on account of increase in prices of vegetables, which rose 3.8% month on month.

As per the data released by Central Statistics Office (CSO), the October inflation for the food basket increased to 1.9%.

Alipay Dominates Alibaba Singles Day With 90% of Transactions
Analysts have come forward to outline that it exceeds the combined sales for Cyber Monday and Black Friday in the United States. Reaching that level would translate to annual spending of 700 billion to 800 billion dollars, according to Tsai's projections.

The retail inflation rate was 4.20% a year ago. Moreover, the pass-through of the goods and services tax (GST) to final prices of various goods and services may not be complete. A basis point is a hundredth of a percentage point. The figure in September was 3.28%, flat since August.

However, on a year-on-year (YoY) basis, the CPI inflation last month was lower than 4.20 per cent recorded in October 2016. However, there is a risk that a surge in crude oil prices and recent softness in the Indian rupee might affect the imported inflation component.

Inflation in pulses continued to decline and settled at (-) 23.13%.

Aditi Nayar Principal Economist at ICRA said "The staggered impact on the housing index of the CPI, of the revision in HRA of central government employees, is likely to push up housing inflation further over the coming year".

Related Articles

  • Moroccan Soccer Fans Clash with Brussels Police After World Cup Qualifier

    Moroccan Soccer Fans Clash with Brussels Police After World Cup Qualifier

    Before today's matches, Morocco had 9 points while the Ivorians had 8 points; meaning the victor of the match would qualify. DR Congo were the only team still with a chance to catch Tunisia, but they fell short despite a late 3-1 win over Guinea.
    'Cristiano Ronaldo is selfish': Here's what all Karim Benzema said

    'Cristiano Ronaldo is selfish': Here's what all Karim Benzema said

    Benzema and Ronaldo make up two-thirds of Real's devastating BBC front-line that has fired the club to back-to-back Champions League titles.
    After Loss To Packers, Bears Coach John Fox Could Be Terminated

    After Loss To Packers, Bears Coach John Fox Could Be Terminated

    Golden Tate caught six passes for 97 yards and a score, while cornerback Nevin Lawson returned a fumble 44 yards for a touchdown. Offensively, the Bears are averaging 16.7 points and 291.6 total yards (169.8 in passing and 121.8 in rushing) per game.
  • Martin O'Neill wants Ireland to draw on past experiences

    Martin O'Neill wants Ireland to draw on past experiences

    Offensively it wasn't that strong. "I hope they come up a little bit longer away from their own goal. I'm actually quite surprised by Denmark being odds-on for this first leg.
    Chance of rain on Tuesday

    Chance of rain on Tuesday

    Temperatures will reach a high of 49 degrees and 47 degrees on Monday and Tuesday , respectively, forecasters predicted. The National Weather Service says there's a chance of some inland areas of CT could see some snowflakes on Monday .
    Olivier Giroud: 'No regrets about staying at Arsenal'

    Olivier Giroud: 'No regrets about staying at Arsenal'

    However, Coleman insists it was always the plan for Ramsey to play in just one of the games during the global break. At the end of my career, if I can say that I scored as many goals as him, I will be very proud.
  • Kerala CM to take decision on Thomas Chandy post

    Kerala CM to take decision on Thomas Chandy post

    Meanwhile, CPI state secretary Kanam Rajendran said the state government would take an appropriate decision on the issue. Besides, the NCP has also not discussed the matter as there was no need to discuss a "non-issue", he told reporters.

    Anthopoulos to be named Braves GM

    The Braves have been without a general manager since John Coppolella resigned over a month ago. Anthopoulos joined the Los Angeles Dodgers in January of 2016 as the team's vice president.
    Enes Kanter defends Frank Ntilikina against LeBron James

    Enes Kanter defends Frank Ntilikina against LeBron James

    Notes & quotes: Forward Mindaugas Kuzminskas was waived to make room for center Joakim Noah's return from his suspension. Knicks center Enes Kanter tweeted in response: "Nope!" There were like nine (actually seven teams) ahead of them.
  • After Pehlu Khan, Umar Mohammed, Transporting Pet Cows, Shot Dead in Alwar

    After Pehlu Khan, Umar Mohammed, Transporting Pet Cows, Shot Dead in Alwar

    A 55-year-old dairy farmer, Pehlu Khan , was beaten to death in Rajasthan in April for allegedly transporting cows illegally . Home Minister Gulab Chand Kataria said in a statement that strict action would be taken against the culprits.

    Charlie Puth Opens Up About Dissing Justin Bieber

    However, they recently started spending time together again after Selena split from The Weeknd . He was there for a solid two hours with her and everywhere they went they held hands".
    Denton apartments collapse during party

    Denton apartments collapse during party

    Denton police tell NBC 5 that they never received any 911 calls to complain about the noise before the collapse. Damage visible from the outside after the floor collapsed at a North Texas apartment complex during a party.