January CPI inflation comes in at 4.06%; second consecutive month of headline figure within MPC range
This was on the back of further cooling down of food prices. Consumer Food Price Inflation (CFPI) was 1.89 per cent in January, data by the National Statistical Office showed. February 12, 2021 / 06:12 PM IST
Consumer Price Index-based inflation (CPI) for the month of January came in at 4.06 per cent, the second consecutive month of retail inflation falling within the Monetary Policy Committee’s medium-term inflation target range of 4 (+/-2 per cent), official data showed on February 12.
This was on the back of further cooling down of food prices. Consumer Food Price Inflation (CFPI) was 1.89 per cent in January, data by the National Statistical Office (NSO) showed.
India November retail inflation at 6.93% versus 7.61% in October
The inflation data puts monetary policy committee in a difficult situation, with inflation breaching 6 percent three consecutive quarters, growth being low and India entering recession (two consecutive quarters of negative growth)
India s retail inflation for November was at 6.93 percent against 7.61 percent in October.
Vegetables inflation for November came in at 15.63 percent, oils and fat at 17.86 percent, meat and fish at 16.67 percent, and pulses and products at 16.67 percent. The food inflation has expectedly dropped to 8.76 percent on a YoY basis from 10.2 percent in October with a cooling down in the prices of both vegetables and animal protein items. This indicates that the supply challenges have eased somewhat and with a higher base for December 2020, the CPI print is expected to come down further next month, said Suman Chowdhury, chief analytical officer, Acuité Ratings & Research.