After 7 months, retail inflation breaches RBI upper tolerance limit in Jan

India’s retail inflation rate breached the upper tolerance limit of the central bank after a gap of seven months in January while wholesale price inflation rate remained in double digits for the tenth consecutive month, making inflationary management challenging amid faltering growth in Asia’s third largest economy.

Data released by the statistics department showed consumer price index (CPI) based inflation rate touched 6.01 percent in January driven by food and beverages, clothing and footwear. An unfavourable base effect led to a sharp turnaround in vegetables from a disinflation of 3 percent in December 2021 to a 14-month high inflation of