Retail inflation eases marginally to 5.07% in January as vegetable, fruit prices drop

(FILES) In this photograph taken on February 16, 2011, an Indian vendor sells vegetables on a street in New Delhi. India's food inflation on October 20, 2011, returned to double-digits, as prices of vegetables and other staples surged, creating fresh problems for the country's embattled government. Food inflation climbed to 10.60 percent for the week ending October 8 from the same period a year earlier, according to commerce ministry figures. AFP PHOTO/MANAN VATSYAYANA/ FILES

New Delhi: Retail inflation declined to 5.07 percent in January due to easing prices of vegetables, fruits and fuel components, an official data showed Monday.

Based on Consumer price index (CPI), the inflation was at 5.21 percent in December — a 17-month high, and 3.17 percent in January last year.

The data released by the Central Statistics Office (CSO) showed that the rate of price rise for consumer foods eased to 4.7 percent in January, from 4.96 percent in December.

Inflation in the vegetable basket slowed to 26.97 percent as against 29.13 in December. Prices of fruits too rose at a lower pace of 6.24 percent last month, as against 6.63 percent recorded in the preceding month.

For the fuel and light segment, inflation was 7.73 percent last month compared to 7.90 percent in December.

Price data are collected from selected towns by the Field Operations Division of NSSO and from selected villages by the Department of Posts.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.