Retail inflation declined to 4.31% in January

New Delhi: Retail inflation slowed to 4.31 per cent in January mainly due to lower food prices, according to official data released Wednesday.

The Consumer Price Index (CPI)-based retail inflation was 5.22 per cent in December, and 5.1 per cent in January 2024.

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The inflation in the food basket was 6.02 per cent, lower than 8.39 per cent in December and 8.3 per cent in the year-ago month.

The Reserve Bank of India (RBI) has been asked to ensure retail inflation remains at 4 per cent with a margin of 2 per cent on either side.

PTI