Retail inflation hits three month high

India's annual retail inflation in January hit a three-month high of 6.52% from a 12-month low in December, showed government data on Monday. It was 5.72% in December and 6.01% in January 2022. Inflation ran above the upper tolerance limit of 6% for the first 10 months of 2022 but fell below it in the last two, largely because of a fall in food inflation. Food price inflation, which accounts for nearly 40% of the CPI basket, rose to 5.94% in January from 4.19% in December.

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