Retail Inflation at 6.01% in January, Hits 7-Month High
News 18India’s retail inflation increased to 6.01 per cent in the month of January, driven by higher consumer goods and telecom prices along with a comparatively low rate a year ago, data released by the Ministry of Statistics and Programme Implementation on Monday indicated. In its recently concluded monetary policy meet, Reserve Bank of India said inflation based on consumer price index is expected to come well below its upper tolerance level, at 4.5 per cent, in the next fiscal year beginning April 2022. Unveiling the last monetary policy for the current fiscal year, RBI Governor Das said, core inflation remains elevated at tolerance-testing levels. “On balance, the inflation projection for 2021-22 is retained at 5.3 per cent, with Q4, that is the current quarter at 5.7 per cent on account of unfavourable base effect that eased subsequently,” Das said.