Food inflation, a major contributor to the wholesale price index, rose to 9.47 percent in September, up from 3.26 percent in August and 3.55 percent in July.
Imported inflation, caused by a decline in the value of a country's currency, typically increases when the value of the Indian rupee falls against the US dollar
The Union Cabinet rationalised centrally sponsored agriculture schemes into two umbrella programmes—the Pradhan Mantri Rashtriya Krishi Vikas Yojana and the Krishonnati Yojana.
Mr Rajan said inflation estimate should target a basket which was what the consumer consumed because it affected the consumer's perception of inflation and ultimately inflationary expectations.