February 16, 2022
1 min read

CPI inflation jumps to 6.01% in Jan 2022

The trend assumes significance as retail inflation rate crossed the target range of the Reserve Bank of India…reports Asian Lite News

Higher food prices, as well as rising commodity costs, lifted India’s January 2022 retail inflation on a sequential as well as year-on-year basis, official data showed on Monday.

As per the data furnished by the National Statistical Office, the Consumer Price Index (CPI) rose to 6.01 per cent last month from 5.66 per cent in December 2021.

Similarly, on a YoY basis, the rise in last month’s retail inflation was faster than the 4.06 per cent increase in prices recorded for January 2021.

The trend assumes significance as retail inflation rate crossed the target range of the Reserve Bank of India.

The central bank has a CPI target range of 2-to-6 per cent. As per the NSO data, the rate of rise in the Consumer Food Price Index, which measure the changes in retail prices of food products, increased to 5.43 per cent last month from 4.05 per cent in December 2021.

ALSO READ-ONGC records 7-fold jump in Q3 profit results

Previous Story

China calls US’ Indo-Pacific strategy ‘resurrection of Cold War mentality’

Next Story

Glance to raise $200 million from Jio Platforms

Latest from Business

Six OMCs Pump ₹290 Cr into Startups

The Union Minister said the country continues to stand as the world’s third-largest startup ecosystem….reports Asian Lite News Six oil marketing companies (OMC) in India have invested Rs 290 crore from their
Go toTop

Don't Miss

Inflation replaces Covid worries

Economists forecast that the currencies of Indonesia, India, and the

Inflation rate surprises with rise to 4% in UK

Financial markets and traders are still expecting it to cut