Consumer Inflation Eases To 16-Month Low In January As Food Prices Slump: 10 Points

Consumer price inflation in the country eased to 4.06 per cent in January 2021 from 4.59 per cent in December 2020, amid a sharp decline in food prices. Consumer inflation in January 2021, fell to a 16-month low, according to data released by the ministry of Statistics and Programme Implementation (MoSPI), on Friday, February 12. The annual retail inflation last month was reported as the lowest since September 2019, and below the 4.45 per cent forecast in a Reuters poll of economists. The retail food prices, which comprise nearly half of the country's inflation basket, increased 1.89 per cent in January from a year earlier, against 3.41 per cent in December 2020.


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