According to official data released on Monday, retail inflation has decreased to a three-month low of 5.1 per cent in January, primarily due to lower food prices.
The Consumer Price Index (CPI) recorded inflation rates of 5.69 per cent in December 2023 and 6.52 per cent in January 2024.
In August 2023, there was a significant increase in inflation, reaching a high of 6.83 per cent.
As per the data released by the National Statistical Office (NSO), there was a decrease in retail inflation in the food basket from 9.53 per cent in the previous month to 8.3 per cent in January 2024.
The government has assigned the Reserve Bank of India with the responsibility of maintaining retail inflation at 4 per cent, allowing for a margin of 2 per cent on either side.
Source – Hindustan Times
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