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LATEST NEWS UPDATES | Retail Inflation at 6.01% in January, Hits 7-Month High -Aparna Deb

Retail Inflation at 6.01% in January, Hits 7-Month High -Aparna Deb

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published Published on Feb 14, 2022   modified Modified on Feb 15, 2022

-News18.com

The RBI has been mandated by the government to keep retail inflation at 4 per cent with a margin of 2 per cent on either side 

India’s retail inflation increased to 6.01 per cent in the month of January, driven by higher consumer goods and telecom prices along with a comparatively low rate a year ago, data released by the Ministry of Statistics and Programme Implementation on Monday indicated. Inflation, as measured by the consumer price index (CPI) was 5.59 per cent in the preceding month of December.

The January CPI data marginally breached the Reserve Bank of India’s (RBI) upper margin of 6 per cent. The Reserve Bank of India (RBI) has been mandated by the government to keep retail inflation at 4 per cent with a margin of 2 per cent on either side.

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News18.com, 14 February, 2022, https://www.news18.com/news/business/retail-inflation-at-6-01-in-january-above-rbi-target-band-4771376.html


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