Fatafat Headlines at this hour | Retail inflation surges to 7.41 per cent in September on costlier food items |13.10.2022

India's retail inflation surged to 7.41 per cent in September from 7 per cent in the preceding month, mainly becasue of costlier food items. On the other hand, factory output contracted 0.8 per cent in August, according to a data released by the National Statistical Office (NSO) showed.

This is the ninth-month in a row that retail inflation has remained above the Reserve Bank of India's (RBI's) tolerance band of 6 per cent. It was at 7 per cent in August and 4.35 per cent in September 2021.