{"id":475,"date":"2019-02-13T12:13:11","date_gmt":"2019-02-13T06:43:11","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=475"},"modified":"2019-02-13T12:13:11","modified_gmt":"2019-02-13T06:43:11","slug":"retail-inflation-cools-further-to-2-05-in-jan-2","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/retail-inflation-cools-further-to-2-05-in-jan-2\/","title":{"rendered":"Retail Inflation cools further to 2.05% in Jan"},"content":{"rendered":"\n<ol class=\"wp-block-list\"><li>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.\u00a0<\/li><li> 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)<strong><em> <\/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><li>RBI has adopted CPI as the key measure for determining inflation situation of Indian economy, on recommendation of Urjit Patel Committee.<\/li><li>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><li>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><\/ol>\n","protected":false},"excerpt":{"rendered":"<p>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.\u00a0 It is based on the Consumer Price Index (CPI). It reflects changes&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/retail-inflation-cools-further-to-2-05-in-jan-2\/\">Continue reading <span class=\"screen-reader-text\">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":[3127],"tags":[3145,3146,3147],"class_list":["post-475","post","type-post","status-publish","format-standard","hentry","category-economy","tag-core-inflation","tag-index-of-industrial-production","tag-retail-inflation","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704874388},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/475","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=475"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/475\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}