The govt data on Monday showed that retail inflation rose to a 3-month high of 6.52% in January. Leaving November and December 2022 months apart, the retail inflation has remained above the RBI's upper tolerance limit of 6% ever since January 2022.
The govt data on Monday showed that retail inflation rose to a 3-month high of 6.52% in January. Leaving November and December 2022 months apart, the retail inflation has remained above the RBI's upper tolerance limit of 6% ever since January 2022.
Retail inflation rises to 3-month high of 6.52 per cent in January, says Govt data
WHAT?
The govt data on Monday showed that retail inflation rose to a 3-month high of 6.52% in January.
WHEN?
Leaving November and December 2022 months apart, the retail inflation has remained above the RBI's upper tolerance limit of 6% ever since January 2022.
WHO?
Commenting on the data, Aditi Nayar, Chief Economist, ICRA, said the CPI inflation recorded a sharper-than expected spike to a three-month high in January 2023, led by an unexpectedly acute jump in food inflation.
The food inflation also saw a surge from 4.19 per cent in December 2022 to 5.94 per cent in January 2023.