CPI inflation for January rises to 3-month high at 6.52%

The Consumer Price Index (CPI) or retail inflation for January rose to a three-month high at 6.52 per cent, data released by the Ministry of Statistics & Programme Implementation (MoSPI) showed on 13 January.

Earlier the retail inflation rate eased down to 5.72 per cent in December. It was 5.88 per cent in November, and 6.77 per cent in October 2022.

According to the details, the retail inflation returned to 6 per cent mark after the Reserve Bank of India raised the policy repo rate by 25 basis points to 6.5 percent. The CPI inflation has now been above it for 40 months in a row, when compared with the medium-term target of 4 percent.