Retail inflation was above the RBI’s upper targeted limit of 6% for the first time in three months.

New Delhi:

India’s annual retail inflation rate rose to 6.52% in January from 5.72% in December, government data showed today.

Retail inflation was above the Reserve Bank of India’s upper targeted limit of 6% for the first time in three months. 

A increase in food prices led the rise in CPI (Consumer Price Index) inflation – food inflation rose to 5.94% in January from 4.19% in December. Food price inflation accounts for nearly 40% of the consumer price index (CPI) basket

Last week, The RBI (Reserve Bank of India) hiked its key repo rate by 25 basis points, noting core inflation remained high.