Years
The decline in inflation is mainly due to low food prices and stable main inflation, which offers a positive attitude for the domestic budget. This is the lowest retail inflation rate in the last four months, bringing it closer to 4% of the Reserve Bank of India.
According to government data, India's retail inflation declined to 4.31% in January, a sharp fall by 5.22% in December. The decline in inflation is mainly due to low food prices and stable main inflation, which offers a positive attitude for the domestic budget. This is the lowest retail inflation rate in the last four months, bringing it closer to 4% of the Reserve Bank of India.
Consumer Price Index (CPI) based retail inflation was 5.22 percent in December and 5.1 percent in January 2024. Inflation in the food basket was 6.02 percent, which was 8.39 percent in December and less than 8.3 percent in the month of one year ago. The Reserve Bank of India (RBI) has been asked to ensure that retail inflation remains at 4 percent with a margin of 2 percent on both sides.
Meanwhile, according to the official data released on Wednesday, India's industrial production growth came to a three -month low of 3.2 percent in December 2024, mainly due to poor performance of mining and manufacturing sectors. The government has also amended the industrial production figures of November 2024 to 5.2 percent from the provisional estimate of 5.2 percent released last month.
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