Retail Inflation Data: In the first month of the new year, there has been news of relief from the Modi government and the RBI. Retail inflation has come down to 5.10 percent in January 2024 from 5.69 percent in December 2023. The rate of food inflation has also decreased in January 2024 compared to December 2023. Food inflation rate was 8.30% in January which was 9.53% in December 2023.
The Ministry of Statistics has released the retail inflation rate data for the month of January. According to this data, despite the decrease in the rate of retail inflation, the inflation of greens and vegetables remains a cause for concern. The inflation rate of vegetables and vegetables is more than 25 percent while the inflation of pulses is close to 20 percent.