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AFP/FILE
ANN/THE STATESMAN
India’s Consumer Price Index (CPI) based retail inflation eased to 4.6 percent in January from 5.22 percent in December.This marks a decline of 91 basis points in headline inflation compared to the previous month, making it the lowest year-on-year inflation since August 2024.
Corresponding inflation rate for rural and urban are 6.31 percent and 5.53 percent, data from the Ministry of Statistics & Programme Implementation (MoSPI) said.
The significant decline in headline inflation and food inflation during the month of January, 2025 is mainly attributed to decline in inflation of vegetables, egg, pulses & products, cereals and products, education, clothing and health.
Further, the year-on-year inflation rate based on All India Consumer Food Price Index (CFPI) for the month of January 2025 over January, 2024 is 6.02 percent.
The data said a significant decline was observed in headline and food inflation in rural sector at 4.64 percent (provisional) in January, 2025 compared to 5.76 percent in December last.
The CFPI based food inflation in rural sector is observed as 6.31 percent in January, 2025 in comparison to 8.65 percent in December last.
In the urban sector, sharp decline from 4.58 percent in December, 2024 to 3.87 percent (Provisional) in January, 2025 is observed in headline inflation. Similar decline is observed in food inflation which has decreased from 7.9 percent in December, 2024 to 5.53 percent in January, 2025.
In terms of housing, the Housing inflation rate for January on year-on-year basis has been recorded at 2.76 percent as compared to 2.71 percent in December.
MoSPI also released the Quick Estimates of Index of Industrial Production (IIP) which stands at 3.2 percent for December 2024 as compared to 5.2 percent in November.
The growth rates of the three sectors, Mining, Manufacturing and Electricity for the month of December 2024 are 2.6 percent, 3 percent and 6.2 percent ,respectively.
The top three positive contributors for the month of December are manufacture of basic metals (6.7 percent), manufacture of electrical equipment (40.1 percent) and manufacture of coke and refined petroleum products (3.9 percent), data from the Ministry said.