Retail inflation declines to 4.31% in January

Consumer price inflation eased to 4.31% in January from 5.22% in December, driven mainly by declining food costs. Food inflation registered at 6.02%, a notable drop from 8.39% in December. The RBI aims to keep retail inflation around 4%, with a permissible range of 2% above or below this target.Consumer price inflation eased to 4.31% in January from 5.22% in December, driven mainly by declining food costs. Food inflation registered at 6.02%, a notable drop from 8.39% in December. The RBI aims to keep retail inflation around 4%, with a permissible range of 2% above or below this target.