Retail inflation eased to a three-month low of 5.1 per cent in January primarily on account of decrease meals costs, in line with official knowledge launched on Monday.
Inflation based mostly on the Shopper Value 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 excessive of 6.83 per cent.
In response to the information launched by the Nationwide Statistical Workplace (NSO), retail inflation within the meals basket was at 8.3 per cent in January 2024, down from 9.53 per cent within the previous month.
The Reserve Financial institution of India has been tasked by the federal government to make sure retail inflation stays at 4 per cent with a margin of two per cent on both facet.