India’s retail inflation rate has touched a high of six months. National Statistical Office (NSO) data says that retail inflation in January was 6.01%. RBI Governor Shaktikant Das had said earlier that retail inflation can see a jump in January but there is no need to panic because of that. However, the retail inflation rate at present is higher than what the central bank had anticipated.

After an RBI board meeting, the governor in an interaction with the media said that the rate of inflation is expected to be around 6%, but said that this is “no cause for panic”. It is notable that the retail inflation for December 2021 was registered as 5.59%, and 4.59% in November. Whereas in August, September, and October, 2021, it stood at 5.3%, 4.35%, and 4.48% respectively. It reached its peak in July 2021 of 6.6%.