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# Business

Retail inflation eases to 3.17% in January

Country’s Consumer Price Index (CPI) inflation eased further to 3.17 per cent in January 2017 compared to 3.41 per cent…

SNS | New Delhi | February 13, 2017 12:22 pm

Retail inflation eases to 3.17% in January

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Country’s Consumer Price Index (CPI) inflation eased further to 3.17 per cent in January 2017 compared to 3.41 per cent in December 2016.

CPI inflation had dipped to a 25-month low of 3.41% in December 2016. The inflation had grown 5.69 per cent in January 2016.

Many experts had predicted decline in the inflation rate due to cash crunch post demonetisation.

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Meanwhile, consumer food inflation (CFI), an indicator of kitchen spending, came down to 0.53 per cent compared with 6.85 per cent in January 2016. CFI inflation was 1.37 per cent in December.

Data from the Commerce Ministry showed while Food index in January rose 1.29 per cent (year-on-year), housing index jumped 5.02 per cent. Inflation in fuel and light segment was 3.42 per cent.

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# Opinion

Inflation pressures

Inflation, once thought to be tamed and controlled by the steady hand of central banks, is staging a comeback, and it is not a quiet one. The era of low inflation, marked by decades of economic stability, seems like a distant memory as we grapple with the resurgence of price pressures.