A private survey showed cost prices rose across the manufacturing and services sectors
The country s retail inflation slipped marginally in January but was within the Reserve Bank of India s target range for a second month as vegetable prices declined further, a Reuters poll predicted. The February 5-9 poll of 50 economists showed retail inflation fell to 4.45 per cent in January from December s 4.59 per cent. If this holds true, inflation would be its lowest since October 2019 and within the RBI s target zone of two per cent - six per cent. It stayed stubbornly high last year amid the coronavirus pandemic and breached the range for eight continuous months from April. Inflation was expected to ease in January led by correction in vegetable prices, said Sakshi Gupta, senior economist at HDFC Bank.
Updated Feb 10, 2021 | 13:50 IST
The RBI expected inflation to remain within the range over the next few quarters but expressed concern over high core inflation and rising fuel prices at its meeting last week January retail inflation likely softened to lowest since October 2019: poll (File photo) | Photo Credit: Reuters
New Delhi: India s retail inflation slipped marginally in January but was within the Reserve Bank of India s target range for a second month as vegetable prices declined further, a Reuters poll predicted.
The Feb. 5-9 poll of 50 economists showed retail inflation fell to 4.45% in January from December s 4.59%.
If this holds true, inflation would be its lowest since October 2019 and within the RBI s target zone of 2%-6%. It stayed stubbornly high last year amid the coronavirus pandemic and breached the range for eight continuous months from April.
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By Shaloo Shrivastava (Reuters) - India s retail inflation slipped marginally in January but was within the Reserve Bank of India s target range for a second month as vegetable prices declined further, a Reuters poll predicted. The Feb. 5-9 poll of 50 economists showed retail inflation fell to 4.45% in January from December s 4.59%. If this holds true, inflation would be its lowest since October 2019 and within the RBI s target zone of 2%-6%. It stayed stubbornly high last year amid the coronavirus pandemic and breached the range for eight continuous months from April. Inflation was expected to ease in January led by correction in vegetable prices, said Sakshi Gupta, senior economist at HDFC Bank.
India's retail inflation slipped marginally in January but was within the Reserve Bank of India's target range for a second month as vegetable prices declined further, a Reuters poll predicted.