India retail inflation falls to record low

New Delhi

INDIA's retail inflation declined for a second straight month in September, but the risks of price shocks are expected to keep the central bank from cutting interest rates anytime soon.

Consumer prices rose a slower-than-expected 6.46 per cent from a year earlier, the lowest since figures were first published in Jan 2012. Slowing food inflation and a favourable statistical base led to the decline, government data showed on Monday. In August, retail prices rose 7.73 per cent year on year.