Reduction in retail prices, hope for cheap loans grew around

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It is good news for job professionals middle class before Diwali. Due to low prices of fruit and vegetable retail inflation based on the consumer price index was down 6.46 percent in September. It is the lowest level since January 2012. Decline in inflation has increased hopes of interest rate cut. Reserve Bank takes the decision to increase or decrease interest rate corresponding in line with inflation. Retail inflation rate continued to decline began in July. Retail price inflation was 7.73 percent in August. It is relief that the food inflation rate is 7.67 percent in September, down from August's 9.35. In September last year the retail food inflation rate was 11.75 percent. According to data released by Ministry of Statistics and Programme Implementation in September, the prices of vegetables increased by 8.59 percent while it was an increase of 15.15 percent in August. The pace was too slow to grow fruit price similar expressions. Fruit prices in August was 24.27 percent which is down and is 22.4 per cent in September. Eggs, fish and meat prices moved lower in September than in August. However, it is matter of concern that retail inflation rate is higher in villages than in cities. Retail inflation was 6.34 in urban and 6.68 percent in rural in September.