India’s inflation rate based on the Consumer Price Index (CPI) has declined to an over 8-year low of 1.54 per cent in September this year, compared to the same month of the previous year, as prices of food items and fuels turned cheaper during the month, according to figures released by the Ministry of Statistics on Monday.

This is the lowest year-on-year inflation after June 2017, and is also lower than the inflation rate of 2.05 per cent for August.

Food inflation continued in the negative zone for the fourth consecutive month and was recorded at 2.28 per cent during September, the figures showed.

“The decline in headline inflation and food inflation during September is mainly attributed to a favourable base effect and the decline in inflation of vegetables, edible oils, fruits, pul

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