economy | IST

Retail inflation eases to 4.06% in January, says govt data

Retail inflation eased to 4.06 percent in January, mainly on account of a decline in vegetable prices, as per government data released on Friday. The inflation based on Consumer Price Index (CPI) was 4.59 percent in December 2020.
The rate of price rise in the food basket was 1.89 percent in January, significantly down from 3.41 percent in December, revealed the data released by the National Statistical Office (NSO).
The Reserve Bank, which mainly factors in the retail inflation while arriving at its monetary policy, has been asked to keep CPI inflation at 4 percent (+,- 2 per cent).