more-inRetail inflation eased in January to 3.17% on the back of a sharp slowdown in food price inflation. Growth in the consumer price index (CPI) slowed from the 3.4% seen in December 2016, extending the streak of easing retail inflation to six months. The food and beverages category registered an inflation rate of 1.3% in January, down from the 2% witnessed in December 2016. Food prices have also been easing for six consecutive months. Inflation in the fuel and light segment slowed to 3.4% in January from 3.7%, while the housing segment saw inflation quicken marginally to 5.02% from 4.98% over the same period.

Source: The Hindu February 13, 2017 17:03 UTC