Retail inflation increased to 6.52 percent, a 3- month high, in January.
The food handbasket’s inflation rate increased from4.19 in December to5.94 in January.6.77 percent, reached before in October. The central government has instructed RBI to maintain retail inflation at 4 with a 2 buffer on either side. According to government data issued on Monday, retail inflation in January exceeded the RBI’s target range and increased to a three- month high of6.52 percent, primarily due to an increase in food costs. The Consumer Price Index( CPI) shows that between December and January 2022, the inflation rate increased from5.72 percent to6.01 percent. The inflation rate for the food handbasket climbed from4.19 to5.94 percent between December and … Read more