HomeEconomyRetail Inflation: According to NSO, the rate reached 6.01 percent in January.

Retail Inflation: According to NSO, the rate reached 6.01 percent in January.

-

Retail Inflation: In January, it reached 6.01 percent, about two percent more than last year, know what is the reason for this increase

Inflation in food articles rose to 5.43 percent last month, according to the National Statistical Office (NSO). It was 4.05 percent in December.

In January, retail inflation reached a new high. The government reported that retail inflation is steadily increasing due to the price increases of food products last month. During January, it increased to 6.01 percent from 5.66 percent during December. This is higher than the RBI’s annual inflation target.

Also, in December last year, the Consumer Price Index (CPI) was 5.66 percent, while it was 4.06 percent in January. According to the National Statistical Office (NSO), inflation in food articles reached 5.43 percent in January 2022. In December, it was 4.05 percent.

When determining monetary policy, the Reserve Bank primarily considers inflation based on the Consumer Price Index. The government has entrusted the central bank with the responsibility to maintain the retail inflation rate at four percent with a variation of two percent.

LATEST POSTS

OpenAI Chatbot GPT 3: Let us know in detail about Open AI Chatbot GPT 3

An organization called OpenAI focuses on the development and promotion of friendly artificial intelligence. One of the projects that OpenAI has worked on is a...

Coin Master Free Spins Links today 21.12.2022

Hi there! You can get coin master free spins by connecting your account to Facebook, watching video advertisements, visiting daily, completing card sets, and participating...

AirForce Apprentices Recruitment 2023 | Free Job Alert

Free Job Alert | Airforce Apprentice Recruitment 2023 Apply Online for 108 Posts: Air Force Apprenticeship Training Written Test A4TWT 2022 advertisement for recruitment of...

SJVN Apprentice Recruitment 2023

Job Alert: SJVN Apprentice Recruitment 2023 | SJVN Apprentice Online Form 2023 Post Date: 17-12-2022 Total Vacancy: 400 Brief Information: A notification has been issued by the hydroelectric...

Follow Us on google news

800FansLike
128FollowersFollow
371FollowersFollow
780FollowersFollow

Most Popular