New Delhi: India’s retail inflation eased to a three-month low of 5.10 per cent in January 2024 primarily due to decreased meals costs, the data launched by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) mentioned on Monday.
Inflation based mostly 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 federal government data, the CPI rural stood at 5.34 per cent and the CPI city was at 4.92 per cent. Meanwhile, the mixed CPI inflation for January 2024 stood at 5.10 per cent.
Notably, in August 2023, inflation touched a excessive of 6.83 per cent.
According to the data launched by the National Statistical Office (NSO), retail inflation in the meals basket was at 8.3 per cent in January 2024, down from 9.53 per cent in the previous month.
