Retail inflation eases to 4.06% in January
The inflation based on Consumer Price Index (CPI) was 4.59% in December
The government provides free rice and wheat to 80 crore beneficiaries under the PMGKAY scheme. Under the Open Market Sale Scheme programme, the government has been providing rice and wheat to bulk consumers in order to increase domestic availability and keep prices under control.
New Delhi, Feb 12 (PTI) Retail inflation eased to 4.06% in January, mainly on account of a decline in vegetable prices, according to government data released on February 12.
The inflation based on Consumer Price Index (CPI) was 4.59% in December.
The rate of price rise in the food basket was 1.89% in January, significantly down from 3.41% in December, revealed the data released by the National Statistical Office (NSO).
The Reserve Bank, which mainly factors in the retail inflation while arriving at its monetary policy, has been asked to keep CPI inflation at 4% (+,- 2%).
Published: February 12, 2021, 18:08 IST