India’s retail inflation fell to a three-month low of 5.1 per cent in January this year, mainly due to lower food prices. The consumer price index (CPI)-based inflation was 5.69 per cent in December 2023 and 6.52 per cent in January last year.

According to data released by the Ministry of Statistics and Programme Implementation, food inflation was 8.30 per cent in January as compared to 9.53 per cent recorded in December 2023.

The Reserve Bank of India (RBI) has been tasked by the government to ensure that retail inflation remains at four per cent. Last week, the RBI left the repo rate unchanged at 6.50 per cent for the sixth consecutive week. This was reported by the official website of the Government of India.

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