NCPI-based inflation drops to 70.6% in October

Headline inflation, as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI), declined to 70.6 per cent in October from 73.7 per cent in September, showing a decreasing tread for the first time this year.Following a similar trend, the Food inflation (Y-o-Y) decreased to 80.9 per cent in October from 85.8 per cent in September, while the Non-Food inflation (Y-o-Y) decreased to 61.3 per cent in October from 62.8 per cent in September.

According to the Census and Statistics Department, price decreases of food items were mainly reported for fresh fish, rice, dried fish, coconut oil, sugar, mysore dhal, potatoes, chicken, biscuits, wheat flour, chili powder and green chilies.However, increases in index values were reported for milk powder, big onions, fresh fruits, limes, tea dust/leaves, coconuts, red onions, bread, rice flour, vegetables, infant milk powder, green gram and ‘papadam’.

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