India’s retail inflation slowed down further to a 19-month low of 2.05 percent in January, 2019 from 2.11 percent in the previous month, thanks to easing food prices, official data released here today said.
The retail inflation rate was also lower than the 5.07% recorded in the same month of the previous year, the statement said.
According to the data released by the Central Statistics Office (CSO), the inflation rate based on the Consumer Price Index (CPI) stood at 1.29% in rural areas and 2.91% in urban areas, making for a combined rate of 2.05%.
The inflation rate based on the Consumer Food Price Index (CFPI) stood at -2.80% in rural areas and -0.96% in urban areas, adding up to a combined rate of -2.17% in January, 2019 as compared to -2.65% in the previous month and 4.70% in January, 2018.
(Our News Desk can be contacted at email@example.com)