Insta
Easy On Common Man’s Pocket: Retail Inflation Down To Just 2.05 Per Cent In January As Food Prices Decline
Swarajya Staff
Feb 12, 2019, 07:15 PM | Updated 07:15 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
The retail price inflation for the month of January declined to 2.05 per cent as per government data released on Tuesday (12 February), Press Trust of India has reported.
This decline has been a result of lowering food prices including commodities like vegetables and eggs.
Incidentally, economists were predicting a figure to the tune of 2.48 per cent.
As per Consumer Price Index (CPI) for December 2018 the retail inflation has been revised to 2.11 per cent from the earlier estimate of 2.19 per cent. As per the data by Central Statistics Office (CSO) the inflation was recorded at 5.07 per cent in January 2018.
As per reports, the current inflation figures are in line with the Reserve Bank of India’s (RBI) medium-term target for the sixth consecutive month. This figure is also the lowest recorded since June 2017.
Also, the Index of Industrial Production (IIP) for December 2018 has been recorded at 133.7 which is 2.4 per cent higher than the December 2017 figure.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.