14.10.201908:27:00UTC+00India Inflation Rises In September

India's consumer price inflation increased moderately in September, data from the statistics ministry revealed Monday.

Consumer prices advanced 3.99 percent year-on-year in September, faster than August's 3.28 percent rise. In the same period last year, inflation was 3.7 percent.

Food price inflation accelerated to 5.11 percent from 2.99 percent in August.

On a monthly basis, consumer prices gained 0.55 percent and food prices rose 0.9 percent in September.

However, data released earlier in the day showed that wholesale price inflation slowed to 0.33 percent from 1.08 percent in August.

The central bank targets consumer price inflation of 4 percent within a band of +/- 2 percent over the medium term.