Inflation rises to 7-month high in January, inflation figure crosses 6 percent

Retail inflation stood at 6.01 per cent in January as against 5.66 per cent in the month of December. This is the highest level in seven months.

Inflation at seven-month high.

retail inflation (Retail Inflation) is accelerating. Inflation for January (Consumer Price Index) data has been released. Retail inflation stood at 6.01 per cent in January as against 5.66 per cent in the month of December. Retail inflation for December has been revised upwards to 5.66 per cent. Today there was an important meeting of Finance Minister Nirmala Sitharaman and Governor Shaktikanta Das. After this meeting, Shaktikanta Das told the media (Shaktikanta Das) had said that the inflation rate in January will be around 6 percent. The Reserve Bank of India has set an inflation target of 4 percent. A margin of 2% has been given. The upper limit for inflation is 6 percent and the lower limit is 2 percent. Once again inflation has crossed the limits of the Reserve Bank. Retail inflation was 4.91 percent in November, 4.48 percent in October. A year ago in December 2020, the retail inflation rate was 4.59 percent.

Before the retail inflation, the wholesale inflation data for the month of January was released. According to government data, WPI inflation has been lower in January than in December. Wholesale inflation stood at 12.96 per cent in January as against 13.56 per cent in December. Wholesale inflation stood at 14.23 per cent in November. This is the tenth consecutive month that the rate of wholesale inflation has been in double digits.

Due to the increase in the inflation rate based on the Wholesale Price Index, common life is affected because the supply of goods becomes expensive. Government data shows that there has been a slight decrease in January this year as compared to December last year. It is an index on which the prices of wholesale goods are revealed. There has been an increase in the WPI inflation rate in the recent few months, but there has been some relief in January.

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