File photo of a vegetable market.
File photo of a vegetable market.|IANS
Business & Economy

India’s retail inflation rises to 7.59% in January 2020

NetIndian News Network

New Delhi, February 12, 2020

India’s retail inflation rate rose to 7.59 per cent in January 2020 from 7.35 per cent in the previous month due to a rise in the prices of food items such as vegetables, eggs, meat and fish as well as fuel, official data released here today showed.

The retail inflation rate was 1.97 per cent in January, 2019.

According to an official press release, citing the data released by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation, the inflation rate based on the Consumer Price Index (CPI) stood at 7.73 per cent in rural areas and 7.39 per cent in urban areas, making for a combined rate of 7.59 per cent in January 2020.

The inflation rate based on the Consumer Food Price Index (CFPI) stood at 13.02% in rural areas and 14.77% in urban areas, making for a combined rate of 13.64%, as compared to 14.19% in the previous month and (-) 2.24% in the same month of last year.

NNN

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