Retail inflation eases to 3-month low of 5.1% in Jan

NEW DELHI: Retail inflation rate in the country moderated to a three-month low of 5.10% in January due to slower price increases in certain food items, as per the official data released on Monday. It fell from 5.69% in December last year and 6.52% in January 2023 to 5.1% in January 2024.

The consumer price food index (CFPI) decreased to 8.3% in January from 9.5% in December 2023, though higher than what it was in January 2023 at 6%. Cereal prices increased by 7.83% year-on-year in January compared to 9.93% in the previous month, while vegetable prices rose by 27.03% in January, slightly lower than the 27.64% recorded in December.