According to government data, retail inflation moderated to 4.06 percent in January.
New Delhi: Retail inflation moderated to 4.06 percent in January. The main reason for this is the decrease in the prices of vegetables. This information was found in the government data released on Friday. Retail inflation based on the Consumer Price Index (CPI) was 4.59 percent in December 2020, a month earlier.
According to data released by the National Statistics Office (NSO), the rate of increase in prices in the food category on an annual basis was 1.89 percent in January 2021. Food inflation was 3.41 percent in December 2020.
The Reserve Bank takes into account the rate of retail inflation while deciding the monetary policy. The Parliament gave the Reserve Bank the policy responsibility of keeping retail inflation at four percent. There may be a change in the range of two percent for some time.
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