{"id":41953,"date":"2019-02-13T16:27:25","date_gmt":"2019-02-13T10:57:25","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=41953"},"modified":"2019-02-13T16:27:25","modified_gmt":"2019-02-13T10:57:25","slug":"retail-inflation-cools-further-to-2-05-in-jan","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/retail-inflation-cools-further-to-2-05-in-jan\/","title":{"rendered":"Retail Inflation cools further to 2.05% in Jan"},"content":{"rendered":"

Retail Inflation cools further to 2.05% in Jan<\/strong><\/a><\/p>\n

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  1. According to the data released from the Central Statistics Office (CSO), retail inflation for the month of January has declined to 2.05%.\u00a0 This decline has been primarily due to a) sustained decline in food prices and b) a sharp decline in energy prices.<\/li>\n
  2. The retail inflation demonstrates overall inflation in the economy. It is based on the Consumer Price Index (CPI). It reflects changes in the retail prices of specified goods and services over a time period which are traded by particular consumer group. There are four types of CPI: a)\u00a0<\/em><\/strong>CPI-IW (Industrial Worker), b) CPI-UNME (Urban Non-Manual Employees), c) CPI-AL (Agricultural Labourers) and d) CPI-RL (Rural Labourers)<\/li>\n
  3. RBI has adopted CPI as the key measure for determining inflation situation of Indian economy, on recommendation of Urjit Patel Committee.<\/li>\n
  4. The Core Inflation has also declined to 5.4%. Core inflation demonstrates inflation apart from temporary shocks and volatility. It is measured using the CPI by excluding\u00a0food and fuel components\u00a0as their prices are highly volatile.<\/li>\n
  5. Industrial output growth as measured by the Index of Industrial Production (IIP) has remained low at 2.4%. IIP is a composite indicator that measures changes in the volume of production of a basket of industrial products.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    Retail Inflation cools further to 2.05% in Jan According to the data released from the Central Statistics Office (CSO), retail inflation for the month of January has declined to 2.05%.\u00a0 This decline has been primarily due to a) sustained decline in food prices and b) a sharp decline in energy prices. The retail inflation demonstrates… Continue reading Retail Inflation cools further to 2.05% in Jan<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-41953","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704628403},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/41953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=41953"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/41953\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=41953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=41953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=41953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}