Consumer Price Index: CPI inflation spikes to 6.52 % in January, after hitting 1-year low in December
Consumer Price Index: As for the medium-term target of 4 percent, CPI inflation has now exceeded it for 40 months in a row.
India's headline retail inflation rate spiked to 6.52 per cent in January 2023, after witnessing a one-year low of 5.72 percent in December, data released on February 13 by the Ministry of Statistics and Programme Implementation showed.
RBI Governor Shaktikanta Das while announcing the Monetary Policy Committee's decision, said that the inflation outlook for the current fiscal has improved from 6.8 per cent projected earlier, to 6.5 per cent. He said that the steeper-than-expected decline in vegetable prices and crude are at play.
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