India’s January retail inflation more than halved to 2.05 pc
In this article (5)
India’s annual rate of retail inflation more than halved to 2.05 percent in January from a high of 5.07 percent during the corresponding period last year, official data showed on Tuesday. The downward trend in CPI, is due to food inflation which has further widened its negative trend. Fruits, vegetables and eggs continued to witness deflationary trend during January this year, with their prices declining 4.18 percent, 13.32 percent and 2.44 percent, respectively, according to the data.
Industrial production jumped to 2.4 percent in December, 2018 from 0.5 percent in November, 2018 driven mainly by a sharp spike in manufacturing index which rose to 2.7 percent vs -0.4 percent month-on-month.
Questions & Answers
Q.What was the retail inflation rate for January in India, and how does this compare to the previous year?
What was the retail inflation rate for January in India, and how does this compare to the previous year?
India's annual retail inflation rate for January was 2.05 percent. This figure represents a significant decrease, more than halving from the 5.07 percent recorded during the same period last year.
Q.What is the primary reason for the downward trend in the Consumer Price Index (CPI)?
What is the primary reason for the downward trend in the Consumer Price Index (CPI)?
The main reason for the downward trend in the CPI is attributed to food inflation. This category has further deepened its negative trend, contributing significantly to the overall reduction in retail inflation.
Q.Which specific food items showed deflationary trends in January?
Which specific food items showed deflationary trends in January?
Fruits, vegetables, and eggs all showed deflationary trends in January. Their prices declined by 4.18 percent, 13.32 percent, and 2.44 percent, respectively, contributing to the overall negative food inflation.
Q.How did industrial production perform in December compared to November?
How did industrial production perform in December compared to November?
Industrial production increased to 2.4 percent in December. This is a substantial jump from the 0.5 percent recorded in November, driven primarily by a sharp rise in the manufacturing index.
Reader pulse
How will falling inflation impact your retail strategy?
23,932 votes so far