Retail inflation eases to 5.07 percent in January

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India's retail inflation slowed to at 5.07 percent in January, mainly due an increase in food and oil prices.

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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.

Last week, the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) estimated inflation at 5.1 per cent in the quarter ended March, including the impact of HRA.

In the previous bi-monthly resolution in December, RBI projected inflation in the range of 4.3-4.7 per cent in the second half of 2017-18, including the impact of increase in HRA.

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