retail inflation There has been a setback at the front once again. Retail inflation rose to a three-month high in January. According to data released by the government on Monday, retail inflation rose to a three-month high of 6.52% in January. In December 2022, the retail inflation rate was 5.72 percent. With this increase, once again, the RBI policy repo rate hike to take place in April appears to be on hold as the inflation rate has once again exceeded the RBI target.
food became more expensive
Food inflation stood at 5.94% in January compared to 4.19% in December due to higher food prices. Previously, retail inflation stood at an all-time high of 6.77 percent in the month of October. The Reserve Bank of India mainly looks at retail inflation while considering monetary policy. The central bank is responsible for keeping inflation at 4 percent with a range of 2 percent.
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