Retail inflation breaches RBI’s comfort zone after 3 months, rises to 6.52% in January

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NEW DELHI: Retail inflation based on consumer price index (CPI) rises to 6.52% in January, breaching Reserve Bank of India’s (RBI) comfort zone after 3 months, data released by the government showed on Monday.
The acceleration in CPI numbers has been mainly on account of spike in food prices.
Data released by the ministry of statistics and planning implementation shows, inflation rate for the food basket was at 5.94% in January, up from 4.19% in December.
In December 2022, inflation numbers had cooled to 5.72%.

The RBI has been mandated by the government to keep retail inflation within its tolerance band of 2-6%.

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