India’s retail inflation rises to 6.52% y/y in Jan By Reuters

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India’s retail inflation rises to 6.52% y/y in Jan By Reuters

© Reuters. FILE PHOTO: A fruit vendor tends to customers at a fruit and vegetable wholesale market in Mumbai, India, February 8, 2023. REUTERS/Niharika Kulkarni

(Reuters) – India’s annual retail inflation rate rose to 6.52% in January from 5.72% in December, government data showed on Monday.

Retail inflation was above the Reserve Bank of India’s upper targeted limit of 6% for the first time in three months. A Reuters poll of 44 economists had forecast the annual inflation rate would rise to 5.9% in January.

Reuters

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