Retail inflation rises to 10.79% in January

Rising for the fourth consecutive month,retail inflation remained in double digits at 10.79 per cent in January, driven by higher prices of vegetables, edible oil, cereals and protein-based items.
The retail inflation had stood at 10.56 per cent in December, 9.90 per cent in November and 9.75 per cent in October, 2012.
The vegetables basket in January recorded the highest inflation of 26.11 per cent among all the constituents that make the Consumer Price Index (CPI), according to data released today. Clothing and footwear witnessed 11 per cent increase in prices during the month, sugar turned more expensive by 12.95 per cent.
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