New Delhi. Retail inflation in the country has risen to the highest level of 7 months in January. The National Statistical Office (NSO) has released the Consumer Price Index (CPI) data on January 14. The inflation rate in January 2022 was 6.01%, which is the highest in the last 7 months.
According to the data released, the inflation rate of food products stood at 5.43 percent in January 2022, from 4.05 percent in the previous month. The Reserve Bank mainly considers inflation based on the Consumer Price Index while considering monetary policy. The government has given the responsibility to the central bank to maintain the retail inflation rate at four percent with a variation of two percent.
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Most in Haryana, less in Punjab
If we look at the states, the highest retail inflation has been recorded in Haryana. According to NSO data, the rate of retail inflation in Haryana in January was 7.23 percent, which is the highest. After this, inflation has been registered in West Bengal. The lowest inflation has been seen in Punjab. According to the report, retail inflation in the month of January has been higher in villages than in cities. In the month of January, the rate of retail inflation was 6.12 percent in villages, while 5.91 percent was recorded in cities.
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RBI Governor had said- inflation rate may remain at 6%
Inflation figures in January 2022 have been as expected. Earlier this morning, Reserve Bank Governor Shaktikanta Das had said that this time the inflation rate could be 6%, the reason for this is the base effect. RBI had projected the retail inflation rate to be 5.7% in the first quarter of 2022. There is a retail inflation rate of 6.01% in January. Now after this, the inflation rate may remain soft in February and March.
Tags: inflation, RBI, RBI Governor
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