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Admin Reporter- Ajay

Feb 13 2020


Double blow to economy, inflation at 6-year high, production of factories reduced

Delhi,13,February,2020

 

It seemed from the economic data that came in the last few weeks that the economy is now recovering from sluggishness, but on Wednesday, inflation and industrial production figures once again increased the government's concern. Retail inflation rose to 7.59% in January , a six-year high, due to food and food prices becoming expensive . This is the sixth consecutive month when inflation has seen an increase.
 

 

According to government data, Consumer Price Index (CPI) based retail inflation stood at 7.35% in December 2019. At the same time, it was 1.97% in the month of January last year. Inflation in January has been well above the Reserve Bank of India's (RBI) target of 4%.

 

 

In January, the inflation rate of vegetables increased to 50.19%, while in December 2019 this figure was 60.50%. Similarly, the inflation rate of oilseeds was 5.25%. The rate of inflation of pulses and its related products was 16.71%.
 

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