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Retail Inflation to Reduced to 2.04% From Over 5%

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India’s retail inflation more than halved in January to 2.05 per cent from 5.07 per cent during the corresponding month of last year, official data showed.

Lower food prices played the major role in bringing down retail inflation in January.

On sequential basis, the Consumer Price Index (CPI) in January 2019 (2.05 per cent) was lower than December 2018’s retail inflation rate of 2.11 per cent.

According to the Central Statistics Office data, the Consumer Food Price Index (CFPI) deflated to (-) 2.17 per cent in January 2019, from 4.70 per cent in the corresponding month of 2018.

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