IGI Logo

Below View On CPI data by Mr Anand Varadarajan, Director, Acit C Mehta Financial Services Ltd

"Retail inflation data for January jumped to a 3 month high of 6.52% owing to a rise in food prices which increased by 5.94%. The rural retail inflation was up by 6.65%, while the urban inflation was up by 4.79 % in January. Inflation in cereals and products rose by 16.12 %, while spices rose by 21.09 per cent. However, the inflation declined for vegetables by 11.7 per cent. The retail inflation is higher for fuel and light at 10.84%, clothing and footwear at 9.08%. For food and beverages, the retail inflation rose by 6.19% and housing rose by 4.62%. The government has initiated several steps like rise in acreage of rabi crops, improved fertiliser availability and healthy reservoir storage"

Above views are of the author and not of the website kindly read disclaimer