India News | Inflation Eases to 4.06 Pc in Jan: Govt Data
Get latest articles and stories on India at LatestLY. Retail inflation eased to 4.06 per cent in January, mainly on account of a decline in vegetable prices, as per government data released on Friday.
New Delhi, Feb 12 (PTI) Retail inflation eased to 4.06 per cent in January, mainly on account of a decline in vegetable prices, as per government data released on Friday.
The inflation based on Consumer Price Index (CPI) was 4.59 per cent in December 2020.
The rate of price rise in the food basket was 1.89 per cent in January, significantly down from 3.41 per cent in December, revealed the data released by the National Statistical Office (NSO).
The Reserve Bank, which mainly factors in the retail inflation while arriving at its monetary policy, has been asked to keep CPI inflation at 4 per cent (+,- 2 per cent).
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)