New Delhi: India’s retail inflation rate, as measured by the Consumer Price Index (CPI), climbed to 6.01% in January 2022, as per data released by the National Statistical Office (NSO) on February 14 — with the rise being powered by food inflation.
The latest numbers have taken the benchmark inflation rate above the 6% upper limit of RBI’s tolerance band, the first time this has happened since June 2021. January is the fourth successive month when retail inflation has increased in the country.
The latest inflation numbers are on expected lines. A Bloomberg forecast of 40 economists had estimated CPI growth in January to be 6%.
A disaggregated reading of the inflation numbers shows that tailwinds to prices are becoming broad based in nature.
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