Chart of the day: Retail Inflation

Chart of the day: Retail Inflation

Retail inflation or, consumer price index (CPI) numbers will be published on Thursday at 5.30 pm. 

Analysts expect that inflation is likely to fall to its one-year low as food prices have softened over the past few months. 

A Reuters poll of 30 economists suggest that retail inflation may have eased to 4.80% in September 2016 as against 5.05% in August 2016 and 4.41% in September of last year. 

A Bloomberg poll predicts that retail inflation may have fallen to 4.60% in September 2016. 

Industry experts believe that an easing inflation might mean another interest rate cut by Reserve Bank of India (RBI) in December this year. 

However, economists in the poll expressed concern that prices could rise quickly after a pay hike for millions of government employees and pensioners, Reuters said.