January retail inflation falls to lowest in 2 years

The Consumer Price Index-(CPI) based inflation for the month of January 2017 plunged to 3.17 per cent, the lowest in at least two years, primarily due to a marginal increase in food prices. The retail inflation was 3.41 per cent in December and 5.69 per cent in January last year.

The Consumer Food Price Inflation (CFPI) for the month of January was 0.53 per cent, compared with 1.37 per cent in December and 6.85 per cent in January last year. Year-on-year prices of vegetables and pulses fell to 15.6 per cent and 6.6 per cent, respectively, last month. Inflation in January