Retail inflation rises to 10.79 % in January

Rising for the fourth consecutive month, retail inflation remained in double digits at 10.79 per cent in January, driven by higher prices of vegetables, edible oil, cereals and protein-based items.

The retail inflation had stood at 10.56 per cent in December, 9.90 per cent in November and 9.75 per cent in October, 2012. The vegetables basket in January recorded the highest inflation of 26.11 percent among all the constituents that make the Consumer Price Index (CPI), according to data released on Tuesday.

Vegetables were followed by the oil and fats segment at 14.98 percent. Meat, fish and egg became 13.73 percent more expensive during the month. While, cereals and pulses became dearer by 14.90 percent and 12.76 percent respectively on an annual basis, sugar turned more expensive by 12.95 percent. Clothing and footwear witnessed 11 percent increase in prices during the month.

In urban areas, retail inflation rose to 10.73 percent in January from 10.42 percent in the previous month. The CPI for rural population increased to 10.88 percent during the month from 10.74 percent in December.