Rate Of Inflation Based On All India Consumer Price Index (cpi) And Consumer Food Price Index (cfpi) For The Month Of September 2021 ?

Research Desk, Amar Ujala, New Delhi

Published by: Himanshu Mishra
Updated Wed, 13 Oct 2021 03:20 PM IST

Summary

The Consumer Price Index, or retail inflation, has declined by 3.26% within the last one year. At the same time, a huge decline of 10.39% has been seen in the Consumer Food Price Index. However, in the meantime, the prices of petrol, diesel and natural gas continued to rise. Read special report on inflation…

There has been a sharp decline in the inflation rate within a year.

There has been a sharp decline in the inflation rate within a year.
– Photo : Amar Ujala

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Expansion

Inflation is a big issue in the country. On Tuesday, the Ministry of Statistics and Program Implementation (MSPI) released the Consumer Price Index (CPI) i.e. Retail Inflation and Consumer Food Price Index (CFPI). According to this, within the last one year, there has been a decline in retail inflation by 3.26%, while the inflation of food items has come down by 10.39%. Meaning in clear words, all the things you consume from food to drink in your domestic life have become cheaper.

Now let’s talk about petrol-diesel and natural gas. Petrol and diesel prices have increased by about Rs 15 from October 2020 to October 2021. Similarly, natural gas i.e. LPG, CNG and PNG has also increased by Rs 5-15. Now you must be thinking that even after increasing the price of petrol, diesel and gas, how is the inflation rate going down? Understand from Dr. Manoj Shrivastava, Economist of DAV College, Kanpur, what is the whole game of inflation…