India’s retail inflation surges to 6.52%

New Delhi (PTI): German luxury carmaker Audi on Monday said it expects to have a significant double digit growth in India in 2023 on the back of new products and full-year availability of its popular models. The company launched its Q3 Sportback model for `51.43 lakh (ex-showroom). “I am looking at a significant high double digit growth for this year as well. We grew 27% last year, but this year also we will continue to grow,” Audi India Head Balbir Singh Dhillon said.

GOLD JUMPS BY `114/10 GM; SILVER DECLINES BY `319

New Delhi (PTI): Retail inflation again breached the Reserve Bank’s upper tolerance limit and touched a three-month high of 6.52% in January, mainly due to higher prices in the food basket, including cereals and protein-rich items.

With the exception of November and December 2022, retail inflation has remained above the RBI’s upper tolerance level of 6% since January 2022.

INFLATION DATA THEN & NOW

z Retail inflation again breached the RBI’s upper tolerance limit and touched a three-month high of 6.52% in January, mainly due to higher prices in the food basket, including cereals and protein-rich items.

z The retail inflation based on the CPI was 5.72% in Dec and 6.01% in January 2022.

The retail inflation based on the Consumer Price Index (CPI) was 5.7% in December and 6.01% in January 2022. The previous high was 6.77%in October. While the prices of vegetable declined in Janu -