Retail inflation eases to 3-month low of 5% in September

The retail inflation as measured by Consumer Price Index (CPI) declined to a three-month low of 5.02% in September 2023 on the back of easing food prices, according to the government data released on Thursday.

The September inflation figures came back to the Reserve Bank's comfort level of below 6% after a gap of two months.

The inflation based on the consumer price index (CPI) was 6.83% in August and 7.4% in September 2022.

The previous low was in June this year when the reading stood at 4.87%.

According to the data released by the National Statistical Office (NSO), the inflation in the food basket declined to 6.56% in September from 9.94% in the August month.