India News | Retail Inflation Eases to 3-month Low of 5.1 Pc in Jan
Get latest articles and stories on India at LatestLY. Retail inflation eased to a three-month low of 5.1 per cent in January mainly on account of lower food prices, according to official data released on Monday.
New Delhi, Feb 12 (PTI) Retail inflation eased to a three-month low of 5.1 per cent in January mainly on account of lower food prices, according to official data released on Monday.
Inflation based on the Consumer Price Index (CPI) was at 5.69 per cent in December 2023 and 6.52 per cent in January 2024.
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In August 2023, inflation touched a high of 6.83 per cent.
According to the data released by the National Statistical Office (NSO), retail inflation in the food basket was at 8.3 per cent in January 2024, down from 9.53 per cent in the preceding month.
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The Reserve Bank of India has been tasked by the government to ensure retail inflation remains at 4 per cent with a margin of 2 per cent on either side.
(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)