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A big relief, as India's retail inflation eases.[/caption]
India's annual retail inflation eased last month to 4.31 per cent from 5.05 per cent in August and 4.41 per cent reported during the corresponding period of last year, official data showed on Thursday.
According to CPI (Consumer Price Index) data released by the Central Statistics Office (CSO), the fall in retail inflation was due to a rather sharp drop in the annual food inflation -- from 5.91 per cent in August to 3.88 per cent in September.
The CPI data revealed that the annual retail inflation for rural India was 4.96 per cent, while that for the urban centres was 3.64 per cent.
The annual food inflation was 4.43 per cent in rural areas and 2.88 per cent in the urban conclaves.