Monday, 13 February 2017

Retail inflation cools to five-year low of 3.17 per cent in January

Retail inflation cools to five-year low of 3.17 per cent in January NEW DELHI: India's annual consumer price inflation(मुद्रास्फीति)  eased to 3.17 percent in January, its lowest level in at least five years, helped by a sharp cooling in food prices, government data showed on Monday.  Economists ( अर्थशास्त्रियों )polled by Reuters had expected last month's annual retail(खुदरा) inflation to come in at
3.22 percent, compared with 3.41 percent in December.

Food inflation was 0.53 percent last month, lower than 1.37 percent in December. 
inflation  मुद्रास्फीति Definitions of inflation
the action of inflating something or the condition of being inflated.
the inflation of a balloon
a general increase in prices and fall in the purchasing value of money.
policies aimed at controlling inflation
See also
inflation rate, core inflation, cost-push inflation, runaway inflation.
Inflation is the percentage change in the value of the Wholesale Price Index (WPI) on a year-on year basis. It effectively measures the change in the prices of a basket of goods and services in a year. In India, inflation is calculated by taking the WPI as base.

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