At 7-month high, retail inflation shot past 6% in January
The Hindu
Rural India bore the brunt of the inflation spike as per official data, with the pace of price rise touching 6.12% from 5.36% in December
India’s retail inflation accelerated past the 6% mark in January 2022 to hit 6.01%, breaching the central bank’s tolerance threshold for consumer price inflation for the first time since June 2021. Retail inflation was 5.66% in December 2021.
Rural India bore the brunt of the inflation spike as per official data, with the pace of price rise touching 6.12% from 5.36% in December. Inflation in urban India was virtually unchanged at 5.91% in January, from 5.90% in December.
The Consumer Food Price Index saw a significant spike from 4.05% in December to 5.43% in January, with rural India seeing a sharper rise in food prices than urban areas.
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