India: Consumer price inflation accelerates in January
February 14, 2020
Consumer prices dropped 0.13% in January compared to the previous month, contrasting the 1.21% increase in December. The increase was largely due to cheaper food and beverages.
Consumer price inflation accelerated to 7.6% in January from 7.4% in December. As a result, inflation rose further above the Reserve Bank of India’s (RBI) target range of 2.0%–6.0%.
Wholesale prices rose 0.08% in January from the previous month, down from the 0.41% increase in December. Wholesale price inflation, meanwhile, accelerated to 3.1% in January from 2.6% in December.
Author: Edward Gardner, Economist