October 12: Food, fuel and precious metals drive September retail inflation to 23-month high of 5, according to Economic Times - Top News.
What Happened
Inflation as measured by the Consumer Price Index (CPI) in September 2026 was the highest since October 2024. The rate in September also marked a substantial increase over the 4. 8% rate seen in August 2026.
Brent crude futures fell 61 cents, or 1. 05%, to $105 a barrel, while US West Texas Intermediate crude futures declined 92 cents, or 1 (Economic Times - Top News).
Key Details
- Food, fuel and precious metals drive September retail inflation to 23-month high of 5
- 5% Inflation as measured by the Consumer Price Index (CPI) in September 2026 was the highest since October 2024
- The rate in September also marked a substantial increase over the 4
- 8% rate seen in August 2026
Background
The business landscape continues to evolve as companies navigate economic challenges and opportunities in domestic and global markets.
Why It Matters
Market watchers and investors will be monitoring the economic implications closely.
The technology sector may see ripple effects from this development.
What Happens Next
Updates will be provided as more information becomes available.
Verification: This report is based on 2 source(s) (The Hindu - Business, Economic Times - Top News). Last verified: 13 October 2026, 08:00 AM IST.
Language link: Read this news in Tamil
Sources
- Primary: The Hindu - Business - Food, fuel and precious metals drive September retail inflation to 23-month high of 5.5%
- Secondary: Economic Times - Top News - Oil Price Today (October 13): Crude oil falls to $105 as traders assess Russian supply, Mideast attacks. What’s next?
Disclaimer: This is a developing story involving sensitive topics. Facts are based on official sources available at publication time and may be subject to change. Readers are advised to check for updates.
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