Published On: Wed, Feb 12th, 2020

January retail inflation at 6-yr high, rises to 7.59%

Retail inflation accelerated to 7.59% in January, a near six-year peak, the highest since May 2014, government data showed on Wednesday.

January inflation was higher than the 7.40% forecast in a Reuters poll of analysts.

A vendor sells vegetables at a retail market in Kolkata.

Retail inflation for December was seen at 7.35 percent.

Retail inflation has breached the Reserve Bank of India’s medium-term target of 4 percent for the fourth straight month.

January core inflation is at 4.8 percent versus 3.7 per cent in December.

Food prices, which is a gauge to measure changes in kitchen budgets, fell 13.63 percent, against a growth of 14.1 percent in December.

Vegetables inflation for January stood at 50.19 percent, against a 60.5 percent in December.

Inflation rate in cereals and products stood at 5.25 percent in January against 4.36 percent month ago.

Pulses and products recorded an inflation of 16.71 percent in January against 15.44 percent in December.

Prices of meat and fish came in at 10.5 percent in January against 9.5 percent month ago. Inflation in eggs was seen at 10.4 percent against 8.7 percent in December.

In the fuel and light category, inflation was seen at 3.66 percent.

Inputs with Reuters

About the Author

Live Updates COVID-19 CASES