Retail Inflation Inches Up to 7.59% in January on Back of Costlier Food Items, Shows Govt Data
The Consumer Price Index (CPI)-based retail inflation was 7.35% in December 2019 and 1.97% in January last year.
Image for representation only/Reuters
New Delhi: Retail inflation inched up to 7.59% in January on costlier food items, showed government data on Wednesday.
The Consumer Price Index (CPI)-based retail inflation was 7.35% last December and 1.97% in January last year.
The food inflation last month was 13.63%, compared with (-)2.24% in January 2019. However, it is down from 14.19% in December.
The Reserve Bank of India had kept the key policy rate unchanged earlier this month mainly due to high inflation.
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