Inflation hits 16-month high of 5.69% in January

Rising for the the sixth straight month, retail inflation touched a 16-month high of 5.69 percent in January, mainly due to costlier food prices.

PTI| Last Updated: Feb 12, 2016, 19:48 PM IST
Inflation hits 16-month high of 5.69% in January

New Delhi: Rising for the the sixth straight month, retail inflation touched a 16-month high of 5.69 percent in January, mainly due to costlier food prices.

Retail inflation, as measured by the Consumer Price Index (CPI), stood at 5.61 percent in December 2015 and 5.19 percent in January 2015.

The pace of retail price rise in January 2016 is the highest since 6.46 percent in September 2014.

Food inflation, as measured by Consumer Food Price Index (CFPI), quickened to 6.85 percent in the first month of 2016, government data showed Friday.

Retail prices of 'cereals and products' inched up by 2.19 percent in January, from 2.12 percent in December 2015.

The rate of price rise in meat and fish category was 8.23 per cent during the month, while it was 3.96 percent for eggs.

The substantial price rise in these items is mainly attributed to their higher consumption during winter.

However, prices of seasonal fruits witnessed deflation during the month, with a fall of (-)0.24 percent.

But vegetable prices moved up fairly at 6.39 percent.

Prices of 'pulses and its products' continued to stay elevated, as inflation was as high as 42.32 percent, according to the data released by the Central Statistics Office under the Ministry of Statistics and Programme Implementation.

The inflation rates, based on CPI for rural areas, stood at 6.48 percent in January, while that for urban areas was 4.81 percent.

The price data are collected by the government from selected towns by the Field Operations Division of National Sample Survey Organisation (NSSO) and from selected villages by the Department of Posts.