Due to bad weather and expensive vegetables, retail inflation has increased to 5.49% in the month of September. It was at 3.65% in August. This is the highest level in 9 months. At the same time, food inflation has increased from 5.66% to 9.24%. Urban inflation has also increased from 3.14% to 5.05% on a month-on-month basis. Rural inflation has increased from 4.16% to 5.87%. Food inflation was 5.66% in September 2023, now it has come down to 9.24% Food items contribute about 50% to the inflation basket. Its inflation has increased from 5.66% to 9.24% on a month-on-month basis. At the same time, a year ago in August 2023, food inflation was 6.62%. That is, it has also increased on an annual basis. How does inflation affect? Inflation is directly related to purchasing power. For example, if the inflation rate is 6%, then the value of Rs 100 earned will be only Rs 94. Therefore, one should invest keeping inflation in mind. Otherwise, the value of your money will decrease. How does inflation increase or decrease? The increase and decrease in inflation depends on the demand and supply of the product. If people have more money, they will buy more things. Buying more things will increase the demand for things and if the supply is not according to the demand, the price of these things will increase. In this way, the market comes under the grip of inflation. In simple words, excessive flow of money in the market or shortage of things causes inflation. On the other hand, if the demand is less and the supply is more, then inflation will be less. Inflation is determined by CPI. As a customer, you and I buy goods from the retail market. The Consumer Price Index i.e. CPI does the work of showing the change in prices related to this. CPI measures the average price we pay for goods and services. Apart from crude oil, commodity prices, manufactured cost, there are many other things too which play an important role in determining the retail inflation rate. There are around 300 items whose prices are used to determine the retail inflation rate. Read this news too… Wholesale inflation rises to 1.84% in September: Vegetables and food items become costlier, it was at 1.31% in August. Wholesale inflation has increased to 1.84% in the month of September. Earlier, wholesale inflation had come down to 1.31% in August. It was at 2.04% in July. Inflation has increased due to increase in the prices of vegetables and food items. Read the full news…
