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India’s retail inflation worsens to 7.59% in January
Feb-13-2020

India’s retail inflation based on Consumer Price Index (CPI) jumped to 7.59% in January 2020. The CPI was 1.97% in January 2019 and 7.35% in December 2019. The inflation remained above the Reserve Bank of India's medium-term target of 4% for a fourth month in a row, dashing hopes of further monetary easing at a time when economic growth has fallen to the lowest in more than six years.

As per the data of the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation, the CPI (Rural, Urban, Combined) on Base 2012=100 for January 2020, stood at 7.73%, 7.39% and 7.59%, respectively, compared to 1.22%, 2.91% and 1.97%, respectively in January 2019.

The data also showed that consumer food price index (CFPI) for all India Rural and Urban for January 2020 stood at 13.02% and 14.77%, respectively, compared to -2.94% and -0.88%, respectively in January 2019. The index value of CFPI for combined stood at 13.63% for the month of January 2020.

The spike in inflation in the vegetable segment was 50.19% during the month of January 2020. The inflation in 'pulses and products' was recorded at 16.71%, while in case of 'meat and fish' it was 10.50%. Inflation at ‘food and beverages’ was seen at 11.79%, while fuel and light inflation stood 3.66% in the reported month.

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