Highlights

CPI-based inflation stood at 5.1 percent in January
CPI-based inflation lowest in three months
Rural inflation eased to 5.34 percent in January

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Retail inflation eases to 5.10% in January 2024

Name: Retail inflation eases to 5.10% in January 2024
Uploaded: 2024-02-12T18:44:16.000+05:30
Duration: T00M47S
Channel: PTI
Description: During the first monetary policy committee review of 2024, Reserve Bank of India Governor Shaktikanta Das emphasized the influence of food prices on the inflation outlook, which remains uncertain

During the first monetary policy committee review of 2024, Reserve Bank of India Governor Shaktikanta Das emphasized the influence of food prices on the inflation outlook, which remains uncertain

Updated: Sep 02, 2022 10:53

PTI

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Retail inflation eases to 5.10% in January 2024

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.

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.

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.