Image Source : FILE PHOTO Representative image
New Delhi: India’s retail inflation eased to a three-month low of 5.10 per cent in January 2024 primarily due to reduced food prices, the data released by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) said on Monday.
Inflation based on the Consumer Price Index (CPI) was at 5.69 per cent in December 2023 and 6.52 per cent in January 2024.
Inflation data
According to the government data, the CPI rural stood at 5.34 per cent and the CPI urban was at 4.92 per cent. Meanwhile, the combined CPI inflation for January 2024 stood at 5.10 per cent.
Image Source : PIBRetail inflation
Notably, in August 2023, inflation touched a high of 6.83 per cent.
According to the data released by the National Statistical Office (NSO), retail inflation in the food basket was at 8.3 per cent in January 2024, down from 9.53 per cent in the preceding month.
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