Retail Inflation At 6.01% In January, Highest In 6 Months

Retail inflation in January rose to six-month high of 6.01 per cent owing to sharp rise on food prices

Retail inflation in January rose to six-month high of 6.01 per cent, this comes just a month after it had zoomed to a five-month high of 5.59 per cent in December 2021, owing to sharp rise on food prices as food inflation too soared to 5.43 per cent during the period under review as against 4.05 per cent recorded in December 2021.

Prices of cereals, eggs and milk products rose in January 2022 compared to December 2021, which led to a spike in retail inflation which is measured on consumer price index (CPI), according to data released by ministry of statistics on Monday.