LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS

Read in App
Business News » India News

CPI cools down further in January to 3.17%

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
CPI cools down further in January to 3.17%
Photo: Reuters
Written By: ZeeBiz WebTeam
Updated: Mon, Feb 13, 2017
05:53 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Indices open firm ahead of CPI data; Britannia, SBI in focus Indices open firm ahead of CPI data; Britannia, SBI in focus
Monetary Policy: RBI expects GVA growth at 7.4%, CPI Inflation at 5% by FY18 Monetary Policy: RBI expects GVA growth at 7.4%, CPI Inflation at 5% by FY18
CPI inflation may average 5.3% in 2017; rate cut likely: Nomura CPI inflation may average 5.3% in 2017; rate cut likely: Nomura
CPI inflation may fall below 4 pc in Nov-Dec period: Citigroup CPI inflation may fall below 4 pc in Nov-Dec period: Citigroup
India's CPI inflation to be around 5% by March 2017 India's CPI inflation to be around 5% by March 2017

Consumer Price Index (CPI), or retail inflation, for the month of January stood at 3.17% said Ministry of Statistics and Programme Implementation (MOSPI) on Monday. 

In the month of December, CPI had eased to 3.41%, which was below the Reserve Bank of India's March-end 2017 target of 5% and medium-term target of 4%.

The Rural CPI for the month of January stood at 3.36%, while the Urban CPI stood at 2.9%.

All India Inflation rates (%) based on CPI (General) and CFPI

Indices

January 2017 (Prov.)

December 2016 (Final)

January 2016 (Final)

Rural

Urban

Combd.

Rural

Urban

Combd.

Rural

Urban

Combd.

CPI (General)

3.36

2.90

3.17

3.83

2.90

3.41

6.48

4.81

5.69

CFPI

1.07

-0.31

0.53

2.06

0.15

1.37

6.93

6.50

6.85

Notes: Prov.  – Provisional, Combd. - Combined

Consumer Food Price Index (CFPI) for the month of January stood at 0.53%.

source: tradingeconomics.com

The prices of vegetables and pulses declined the most during the month of January from December.

Monthly changes (%) in All India CPI (General) and CFPI: Jan. 2017 over Dec. 2016

Indices

Rural

Urban

Combined

Index Value

% Change

Index Value

% Change

Index Value

% Change

Jan.17

Dec.16

Jan.17

Dec.16

Jan.17

Dec.16

CPI (General)

132.4

132.8

-0.30

127.8

127.6

0.16

130.3

130.4

-0.08

CFPI

132.5

133.9

-1.05

130.6

131.6

-0.76

131.8

133.1

-0.98

Note: Figures of January 2017 are provisional.

According to a Bloomberg poll, analysts had predicted CPI to be at 3.24% from 3.41% a month before. However, a Reuters poll of 26 economists estimated the inflation to be slowed to 3.22% in January, which would be the lowest in the index's five-year history.

Since November, when in a surprise move, the government had ban Rs 500 and Rs 1000 notes,  the consumer price inflation has been below 4%. 

During April-December, retail inflation averaged 4.9% and displayed a downward trend since July when it became apparent that kharif agricultural production in general, and pulses in particular would be bountiful, the Economic Survey for 2016-17 had stated. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Retail InflationConsumer Price Index (CPI) InflationCPI data release dateMinistry of Statistics & Programme Implementation (MoSPI)EconomyDemonetisation impact on inflationEconomic Survey
RELATED NEWS
Indices open firm ahead of CPI data; Britannia, SBI in focus Indices open firm ahead of CPI data; Britannia, SBI in focus
Monetary Policy: RBI expects GVA growth at 7.4%, CPI Inflation at 5% by FY18 Monetary Policy: RBI expects GVA growth at 7.4%, CPI Inflation at 5% by FY18
CPI inflation may average 5.3% in 2017; rate cut likely: Nomura CPI inflation may average 5.3% in 2017; rate cut likely: Nomura
CPI inflation may fall below 4 pc in Nov-Dec period: Citigroup CPI inflation may fall below 4 pc in Nov-Dec period: Citigroup
India's CPI inflation to be around 5% by March 2017 India's CPI inflation to be around 5% by March 2017

LATEST NEWS

SBI vs HDFC Bank vs ICICI Bank: This bank will give MASSIVE return under Senior Citizen Special FD Scheme

Homefirst Finance IPO Share Allotment Status: Here is how to check subscription - Step by step guide

FD Calculator - SBI vs HDFC vs ICICI Bank: Which will give more return for your fixed deposit money?

7th Pay Commission latest news: Whopping salary plus allowances; check details of this central government job at joinindianarmy.nic.in

Bitcoin, Tesla and US technology stocks were the two assets deep in the bubble territory indicated by Deutsche Bank

Yes Bank Share price: After Q3 result, asset Quality back in focus, Elara Capital recommends Sell with a target price of Rs 6

Indigo Paints IPO: How to check share allotment status? SHORTEST WAY! Know subscription directly from BSE, Link Intime website

CBSE Class 10, Class 12 exams 2021: Datasheet announcement in March? What past trends suggest and possible reasons for delay

Anil Singhvi’s Strategy January 27: Day support zone on Nifty is 14,125-14,150 & Bank Nifty is 30,900-31,000

Microsoft earnings rise as pandemic boosts cloud computing, Xbox sales

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved