India's January retail inflation eases to 3.17%

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India's annual retail inflation eased to 3.17 per cent in January from 3.41 per cent in December and 5.69 per cent reported during the corresponding period last year, official data showed on Monday.

According to Consumer Price Index (CPI) data released by the Central Statistics Office (CSO), the fall in retail inflation was mainly due to a drop in the annual food inflation -- to 0.53 per cent in January from 1.37 per cent in December.

The CPI data revealed that the annual retail inflation for rural India was 3.36 per cent while that for the urban centres was 2.90 per cent. The annual food inflation was 1.07 per cent in rural areas and (-)0.31 per cent in urban.

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