CPI Inflation Rises To A Seven-Month High Of 6.01% In January
CPI Inflation Rises To A Seven-Month High Of 6.01% In January
Stay updated with breaking news from Program Implementation On. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
CPI Inflation Rises To A Seven-Month High Of 6.01% In January
Driven by higher prices of food, vegetable and other consumer items and, an unfavourable base of last year, India's retail inflation in January rose to seven-month high of 6.01%, marginally breaching the RBI tolerance band of 6%.
Inflation is climbing across the world and India is no exception but price rises have stayed relatively tame by historical standards, allowing RBI to leave interest rates unchanged for now.
The CPI-based inflation was at 4.91% in November and 4.59% cent in December 2020.
India's Consumer Price Index inflation softened to 4.59% in December 2020 as compared to 6.93% in November and 7.35% in December 2019, according to data released by the Ministry of Statistics and Program Implementation on Tuesday. The rise in prices in October had been the sharpest since May 2014 when the inflation peaked to 7.61%. The Price data are collected from representative and selected 1114 urban markets and 1181 villages covering all States/UTs through personal visits by field staff of Field Operations Division of NSO, MoSPI on a weekly roster. Powered by Capital Market - Live News (...