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January inflation rate cools down to 5.07%; industrial growth slows to 7.1% in December

India’s retail inflation for January has eased down to 5.07 per cent compared to 5.21 per cent in December 2017, according to the latest data released by the Central Statistics Office on Monday.

Edited by: India TV Business Desk, New Delhi [ Updated: February 12, 2018 18:32 IST ]
January inflation rate cools down to 5.07%; industrial
January inflation rate cools down to 5.07%; industrial growth slows to 7.1% in December

India’s retail inflation for January has eased down to 5.07 per cent compared to 5.21 per cent in December 2017, according to the latest data released by the Central Statistics Office on Monday. 

In another set of data released by the CSO, the growth of India’s factory production slowed in December to 7.1 per cent from a raide of 8.80 per cent in November and a 2.4 per cent increase in output during the corresponding period of 2016-17.

The retail inflation has declined due to easing prices of vegetables, fruits and fuel components. 

Based on Consumer price index (CPI), the inflation was at 5.21 per cent in December -- a 17-month high, and 3.17 per cent in January last year. 

The data released by the Central Statistics Office (CSO) showed that the rate of price rise for consumer foods eased to 4.7 per cent in January, from 4.96 per cent in December. 

Inflation in the vegetable basket slowed to 26.97 per cent as against 29.13 in December. Prices of fruits too rose at a lower pace of 6.24 per cent last month, as against 6.63 per cent recorded in the preceding month. 

For the fuel and light segment, inflation was 7.73 per cent last month compared to 7.90 per cent in December. 

Price data are collected from selected towns by the Field Operations Division of NSSO and from selected villages by the Department of Posts.

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